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Consideration in a Contract

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…

By Jayshree, 5 years30/04/2020 ago

Corporate Laws

Types of Contracts under Indian Contract Act, 1872

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…

By Swati Jogai, 5 years27/04/2020 ago

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valid contract

Consideration in a Contract

Types of Contracts under Indian Contract Act, 1872