Introduction: A statutory order is a section of the law that adds to an existing section of the legislation. Statutory order is a type of Subordinate legislation. They are listed by the year they were passed as well as the number of times they were passed. Non-publication can be used Read more…
Introduction: Consideration, one of the most important elements of a contract, also refers to the price in the contract. Section 2(d)[1], Indian Contract Act, 1872, defines consideration as: “when at the desire of the promisor, promise, or any other person has done or abstained from doing or does or abstains Read more…
Introduction: The Privity of Contract is an English law concept that guarantees that no one should be entitled to or bound by the provisions of the arrangement to which he is not an undisputed party. In simple words, it can be said that it is a theory of common law Read more…
Introduction: Section 2(h) of the Indian Contracts Act mentions that any agreement which is enforceable by law is a contract.[1] In addition to this Section 10 of the Indian Contracts Act mentions the requirements of a contract, existence of some consideration, competency of parties, free consent and the object pertaining Read more…
Introduction: The two terms-‘agent’ and ‘principal’ – have been defined in Section 182 of the contract act as follows:- Agent is an individual utilized to do any represent another or to speak to another in dealings with third people. The individual for whom such act is done, or who is Read more…
Introduction: The doctrine of privity of contract is a common law principle which states that a person not a party to a contract cannot enforce the terms of the contract by suing on it. To simplify, only the parties to the contract bear the legal power to sue each other Read more…
Introduction According to Section 2(h) of the Indian Contract Act of 1872, “an agreement enforceable by law is a contract”. A contract is an agreement among parties that is within the scope of the law. But how do we know what is enforceable by law and what is not? If Read more…
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…