Revocation of Proposal and Offer| Free law notes
Introduction The Indian Contract Act determines under Section 2 the definition of the word "contract" (h). According to the section,...
Introduction The Indian Contract Act determines under Section 2 the definition of the word "contract" (h). According to the section,...
Introduction The parties enter into a contract with their respective obligations to be performed. When the obligations are performed the...
DEFINITION: Damages are monetary compensation allowed to the injured party by the court for the loss or injury suffered by...
Remedies for the Breach of Contract: Remedy means course of action available to an aggrieved party when other party breaches...
Discharge of a contract means termination of contractual relation between the parties to a contract in other words a contract...
QUASI CONTRACT Quasi contract means a contract which lacks one or more of the essentials of a contract. Quasi contract...
\ MEANING OF CERTAIN TERMS (Sec. 126) UNDER INDIAN CONTRACT Meaning of ‘contract of guarantee’A ‘contract of guarantee’ is a...
INTRODUCTION TO CONTRACT OF INDEMNITY Indemnity Meaning – To make good the loss incurred by another personTo compensate the party...
MEANING OF CONTRACT OF BAILMENT (Sec. 148) A bailment is the delivery of goods by one person to another for...
MEANING OF ‘PLEDGE’, ‘PAWNOR’, ‘PAWNEE’(Sec.172) ‘Pledge’The bailment of goods as security for payment of a debt or performance of promise...