Introduction A contract is a legally enforceable agreement that is binding on its parties. It is considered to be breached when one of the parties to a contract refuses to perform its obligations. In India, the remedies for breach of contract include monetary reliefs, specific performance, or both. The court Read more…
INTRODUCTION Contracts became so common in lifestyle that the majority of the time we don’t even recognize that we’ve entered into one. Right from hiring a taxi to purchasing airline tickets online, countless things in our daily lives are ruled by contracts. The Indian Contract Act, 1872 governs the way Read more…
INTRODUCTION Under Law of Contracts, contracts of indemnity counts a special position. The term indemnity states that, ‘compensation for damage or loss sustained. This kind of contract posses significant form in commercial contracts. A contract of repayment essentially includes one party promising the other party to create great its misfortunes. Read more…
Introduction The country is facing a humanitarian as well as an economic crisis due to the onset of the Covid-19 Pandemic at an unprecedented level, bringing all the activities of natural course at a complete halt. The economic, political, and social activities are completely suspended due to the total lockdown Read more…
FACTS OF THE CASE 12th January 1980 (First Agreement) – National Agricultural Cooperative Marketing Federation of India (NAFED). They enter into a contract with Alimenta S.A, as into Supply of 5,000 metric tonnes of Indian HPS groundnut.It is a commodity to Alimenta. Contract Period was for the year 1979-1980 Terms Read more…
Introduction Contracts govern a large aspect of day to day life; they are one of the fundamental ways that society is ordered. Section 2(h) of the Indian Contract Act 1872, defines a contract as an agreement enforceable by law. There are several requirements for a valid contract.[1] i) Offer[2] ii) Read more…
Introduction When an offer made by one person is accepted by another person then it becomes a promise. When the person making the offer is getting something in return as a consideration from the person to whom the offer is made becomes an agreement. An agreement enforceable by law is Read more…
INTRODUCTION The word ‘wager’ in layman language means ‘bet’. The term ‘wager agreements’ has not been defined in The Indian Contract Act, 1872. But the nature of such an agreement is explaine by Hawkins J. in the case of Carlil v. Carbolic Smoke Ball Co.[1] “ A wagering contract is Read more…
Introduction The term “forensic” derives from the Latin word “forensics” with means forum. Ages ago in Rome forum meant debate or legal proceedings that are held at public places. This indicated that there has always been a relationship between law and forensic science. It involves the usage of scientific technology Read more…
Introduction The term which defines Bailor & Bailee legal relationship is “bailment”. The derivation of the word “bailment” is from the French word “ballier”, which means “to deliver”. In general words, Bailment means the transfer of possession of goods, from one person (bailor) to another person (bailee); for safekeeping, for Read more…
Introduction The person goes through a lengthy process for floatation of a company before eventually giving birth to a body corporate; i.e. a legal person. The birth of the legal person like the birth of an actual person requires registration with a registration certificate. A company is an association of Read more…
The Indian Sale of Goods Act came into existence on 2 July 1930. It was amended on 23 September 1963 and was renamed as The Sale of Goods Act, 1930. The act constitutes of: Contract of Sale Conditions and Warranties Effects of Contract- Passing of Property and Transfer of Title Read more…