Tag: law of contracts notes
A study on the Obligation of parties to perform contracts
“The term “offer” is defined under Section 2 (a) of the Indian Contract Act, 1872. Arrangement is a conditional assertion made by a person to act or refrain from showing or refusing for the sole purpose of obtaining a person’s consent to which the proposal of action or tolerance is made.”
Time and place for the performance of the promise |Law Notes
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.
What is Appropriation of Payment?
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.