Bailor-Bailee Relationship

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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…

Consideration in a Contract

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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…