Introduction: This is аn exemрlifiсаtiоn аs tо where the stаtement is held thаt рerhарs the рriсe wаs nоt аn оffer. Its signifiсаnсe wоuld be thаt it defines the distinсtiоn between the twо. Оffer аndsuррly оf infоrmаtiоn. In this саse, the Рrivy Соunсil tооk the view thаt this wаs the leаst Read more…
Introduction: Agreements assume a significant part in our regular day-to-day existence going from protection approaches to work contracts. We go into contracts even without deduction, for instance, while purchasing a film ticket or downloading an application. The agreement is oral or composed arrangements between at least two gatherings. Gatherings going Read more…
Offer and acceptance via email are legally valid and binding to the extent to which they conform with the essentials of a valid contract.
Introduction: Misrepresentation can be understood as an untrue statement made by one party during the course of entering into a contract. The false statement made will have an influence on the decision made by the other party and may also be the sole reason to enter into a contract. Section Read more…
Introduction: Section 2(h) of the Indian Contract Act, 1872, defines a contract as “an agreement that is legally enforceable.” A contract is made up of reciprocal promises made by the two parties. The promises made by each side bind them legally. If one person offers and the other accepts it, Read more…
Introduction: ‘Consideration’ is ‘anything in return,’ i.e. quid pro quo, which is a key factor in determining the parties’ true willingness to form a legal relationship. Something in exchange for a promise is known as consideration. It may be either some benefit conferred on one party or something detriment suffered Read more…
Introduction: ‘Consideration’ means ‘ something in return ‘, i.e.quid pro quo the essential mainstays of a legitimate agreement. In like manner speech, consideration alludes to something paid to somebody as a trade-off for something different which, in lawful phrasing can be perceived as the cost or payment which must be Read more…
Introduction: An Agreement is a promise between two entities creating mutual obligations by law. Section 2(e) of the Indian Contract Act, 1872 defines an agreement as ‘Every promise and every set of promises, forming the consideration for each other, is an agreement.[1] To form an agreement, the following ingredients are Read more…
Introduction: Bought and Sold Agreement is a contract that is legally binding and specifies how the shares of the partner in a business may be redistributed in case of demise or otherwise leaves the business. It is more commonly known as Buy-Sell Agreement. In most circumstances, it deals with the Read more…
Introduction: In accordance with the 1872 Indian Contract Act the definition of acceptance is given in Section 2(b)[1] as, “when the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. As a result, when a proposal is accepted, it becomes a Read more…
Introduction: The Latin maxim “Qui Approbat non Reprobat” quite literally translates to “the one who approbates, cannot reprobate” or “that which I approve, I cannot disapprove”[1]. The Doctrine of Approbate and Reprobate was established upon the Scottish laws and is now an essential principle of equity. To approve or reject Read more…
Introduction: The Doctrine of Privity of Contract is a very common principle in the common law system. The doctrine states that only the people who are a party to the contract can enforce the same. A stranger cannot file a suit in the court of law to get his rights Read more…