Introduction Consideration is one of the essential parts of a contract. Promise and consideration together form an agreement[1] and an agreement enforceable by law is a contract[2]. Section 10 of The Indian Contract Act talks about the essentials of a valid contract. Offer, acceptance, consideration, consent, capacity, and legality of Read more…
What is force majeure? Force majeure is a French term that means “greater force.” It is related to the concept of an act of God. Force majeure is a clause included in a contract to remove the liability of a party in a contract; who is unable to perform the terms Read more…
Introduction The global COVID-19 outbreak has disrupted all industries and has put a significant population of the world under lockdown. This prevents the efficient working of the business and has impacted existing operations and contracts. On the issue of contracts, this outbreak has brought many new aspects to the force. Read more…
In this article we will first explain valid contract. After that, with the help of various case laws, understand frustration of contract. Introduction Every day we enter into numerous knowingly or unknowingly. Contracts have been in existence from the very beginning of transactions in the economy of a country. Earlier Read more…
The Latin word obiter dicta means “things said by way,” and is often used in law to refer to unwanted opinions or words made by a judge. In a legal decision, made by a high court, the actual decision becomes a binding precedent. When making a judgment opinion the text Read more…
A contract is an agreement between two or more people. Contract forms the essence of relationship between two or more parties. Indian Contract Act 1872 (Hereinafter: the Act) is the bylaws of contract that every corporate and non-corporate body in India practices. Contract is defined as “An agreement in which Read more…
INTRODUCTION Law is the set of principles of what is right and what is wrong as per the society; the developing societies from time to time are developing laws, so as to define the difference between the right and the wrong. It was Sir Edward Coke back in 17th century Read more…
INTRODUCTION Public Interest litigation is a petition filed by the individual, group of Citizen or non-government organization. It is to get justice on a problem which has broader public interest. It is mainly applicable to the citizen of the country. As defined in the Black’s Law Dictionary, Public Interest Litigation Read more…
Introduction: In today’s world, everyone is inter-dependent on one another for a living; no one can sustain the life in isolation. Whatever we do in the normal course of the day, we involve ourselves in transactions with others. These transactions lack compulsory legal bounding. But, in order to evade the Read more…
Contracts have been an integral part of the development of the human community. From the beginning of time, contracts have been made among people each and every day. Though the term came into legal existence much later. Contracts have made the functioning of the human community much smoother and organized. Read more…