Offer and Acceptance
Contracts play a vital role in our everyday life ranging from employment contracts to insurance policies. In Fact, we enter into contracts even without thinking, for example, while downloading an appl...
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Communication of Proposal
Indian Contract law occupies the most important place in commercial law. Without the law on contracts, it would have been difficult to exercise a trade or any other commercial activity. It is not only...
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Reciprocal Promise
I. WHAT IS RECIPROCAL PROMISE- AS PER INDIAN CONTRACT ACT,1872 In order to understand the Reciprocal Promise meaning, we must to first comprehend the definitions of proposal, promise, consideration...
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TYPES OF OFFER UNDER INDIAN CONTRACT ACT, 1872
I. MEANING OF OFFER OR PROPOSAL UNDER INDIAN CONTRACT ACT, 1872 Under Indian Contract Act, 1872 the term ‘Offer’ and ‘Proposal’ is used interchangeably. An offer and its acceptance is the ...
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Novation, Rescission, Alteration under the Indian Contract Act
A contract to be lawfully enforceable should be valid. The Indian Contract Act, 1872 under section 10 provides the essential conditions that are to be complied with for a valid contract. They are the ...
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DOCTRINE OF CAVEAT EMPTOR AND RELATED CASE LAWS
The maxim ‘Caveat Emptor’ means “buyer beware” or ‘’let the buyer beware’’. In other words, the buyer must take care of his own interest while purchasing the goods. The doctrine o...
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Essential Elements of a Contract
The goal of this article is to walk you through the five basic essential elements of a contract, from offer to legality, so as to ensure that your agreement is legitimate and acceptable. To fully app...
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