Introduction:- According to this Indian Partnership Act 1932, partnership is a category of commerce in which two or more than
Category: Law of Contracts
Indian Partnership Act was earlier part of the Indian Contract itself. It was the eleventh chapter of the Indian Contract
INTRODUCTION Contracts are an inevitable and indispensable part of our lives whether it be small contracts like buying a chocolate
INTRODUCTION Lawful consideration is one of the most essential elements to constitute a legally valid contract. This has been enumerated
INTRODUCTION According to Section 126 of Indian Contract Act 1872 the ‘Contract of guarantee’ is a contract to perform
INTRODUCTION According to Section 126 of Indian Contract Act 1872 the ‘Contract of guarantee’ is a contract to perform the
INTRODUCTION Contract of Guarantee, Surety, Principal debtor and Creditor (Section—126) Contract of Guarantee is a contract which is made to
Introduction Contract of Indemnity (Section 124) As per Indian Contract Act under section 124, Indemnity is defined as a promise
Introduction Doctrine of holding out links itself back to the Partnership Act of 1980. This Doctrine has been incorporated under
A partnership is a form of business organization wherein two or more persons join together to carry out business. A
INTRODUCTION According to Section 4 of the Indian partnership Act 1932, a firm is the collective name of people who
GENERAL DUTIES OF PARTNERS (SECTION 9): Section 9 states three sub-sections which provide with three different duties of partners under
Section 12 of Partnership act states: The conduct of the business. Subject to contract between the partners, (a) each partner
INTRODUCTION Contracts are an inevitable and indispensable part of our lives whether it be small contracts like buying a chocolate
Introduction Privity is a contract law doctrine that states that contracts are exclusively enforceable on the parties to the contract
Introduction The idea of ratification is an essential part of contract law, and it is defined by the Latin adage
Introduction In the interest of justice, an implied contract is formed when two or more parties do not have a
According to the Indian contract act, 1872 deals with description under section 2(h) as an agreement that is enforceable by law. It is determine that, the contract has numerous imperative essentials, which makes it a valid contract under this act.
In this article, it is explained how the debtor under the appropriation of a contract has the first and foremost right to intimate at the time of appropriation of debt and if he fails then automatically all the rights and powers are been passed on to the creditor where credit can use his appropriation right and adjust according to his benefits.
This article is all about how the Novation, Rescission, and alteration of article 62 of the Indian Contract Act changes the dynamics of the contract and parties to it. This paper is also discussed how a contract can either be changed or altered or also the parties can also be replaced by another party through the contract.
Performance of the reciprocal promise under the Section 51 to 55 of the Indian contract act is for the parties to perform promise simultaneously in the contract. These sections show the essence of the time in the contract.
Contingent Contract will be used on daily basis and it tells about those which promise a conditional and on the happening and non-happening of some uncertain future event which the contract shall perform underacts.
Offer is defined under Section 2 of the Indian Contract Act 1872. The definition is “When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a Proposal”.