Contract Law

Meaning:  The word capacity means qualification or competence of parties towards the agreement. The Indian contract act 1872 defines the essentials of a contract, in which capacity to contract is …

Consideration

Consideration; Meaning and Definition. Meaning; Consideration is one of the most important things in any agreement to be enforceable, it means “something in return”, any agreement to be enforceable there …

OFFER

Offer/Proposal: Any agreement does not form in the air with its way. An agreement contains two or more parties towards the contract. A person should express his desire to something …

TYPES OF CONTRACT

The contract act 1872, clarifies the validity of contracts as follows: Valid contract Void contract Voidable contract Unenforceable contract Illegal contract Valid contract: section 2(h)and 10:  A contract is said …

Meaning: the term contact is derived from the Latin word “ contractum” which means drawn together “it is an agreement entered into between two are more persons /parties subject to …

Indemnity is defined under section 24 of the Indian contract act, 1872 as: A contract by which one party promises to save the other from loss held to him by …