contract
The basic concepts of Contract Act, 1872-by Anamika Maheshwari
In this article, we shall be covering only ‘What is a contract and how is made?” An agreement is any understanding or arrangement reached between two or more parties. A contract is a specific type of agreement that, by its terms and elements, is legally binding and enforceable in a court of law. A contract means an agreement that […]
Read MoreIndian Sale of Goods Act, 1930
The Indian Sale of Goods Act, 1930 is a provision in the Indian Judicial system wherein the setting of a contract is made possible and a seller agrees to transfer the title in the goods to the buyer for a consideration. The Act has been borrowed heavily from the United Kingdom’s “Sale of Goods Act,1893”. […]
Read MoreImportance of Capacity to Contract
One very big essential of a valid contract is the competence of both the parties to enter into a contract. The Indian Contract Act, 1872 in its Section 11 defines the Capacity to Contract on the basis of three major aspects, they are- Attaining the majority age. Being of sound mind. Not disqualified by law […]
Read MoreTypes of Damages under Indian Contract Act
Section Seventy three offers reimbursement for loss or harm because of the breach of contract. When a contract has been broken, the party that suffers from such infringement is entitled to acquire reimbursement for any loss or harm as a result of such infringement. Such reimbursement shall now no longer receive for any faraway and […]
Read MoreArbitrability of Disputes: Explained by Somesh Vaidya @LexCliq
Introduction: Our globe has clearly shrunk, and contemporary communication technologies have catalysed economic transactions between individuals from all origins and cultures. While all of this has resulted in extraordinary economic growth, it has also resulted in conflicts among trade partners regulated by international commercial accords. These conflicts, to mention a few, include “interpretation of contractual […]
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