Indian contract act
Exceptions to the Rule- ‘Agreement without consideration is void’- by Anamika Maheshwari
In English law, a contract that is under the seal is enforceable without consideration. In Indian law, there are no such provisions but still. The general rule is the ex nudo pacto non-oritur action, which means that no right of action arises from the contract which is entered into without any consideration. Still, under Section […]
Read MoreThe 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 MoreImpact of COVID-19 on Contracts
The unanticipated coronavirus epidemic has disrupted our personal, professional, financial, and commercial life to the point that best performance is unattainable at all levels. This article focuses on the influence of Covid-19 on contract performance under Indian law. We examine whether impossibility of performance under Indian law is entirely an issue of contract drafting, and […]
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 More