Thursday, January 11, 2018

When the performance of the contract becomes impossible, the purpose, which the parties have in mind, is frustrated. If the performance becomes impossible, because of supervening event, the promisor is excused from the performance of the contract. This known as doctrin...

Sunday, July 9, 2017

Different kinds of damages. Damages may be of four kinds:

1. Ordinary or General or Compensatory damages (i.e., damages arising naturally from the breach).

2. Special damages (i.e., damages in contemplation of the parties at the time of contract).

3. Exemplary, Punitive o...

Saturday, July 1, 2017

2(g)- Void agreement is an agreement which is not enforceable by Law – void – ab – inito.

(1) Agreement by or with person’s incompetent to contract [10, 11]
(2) Agreement entered into through a mutual mistake [20]
(3) Object or consideration – unlawful [23]
(4) Conside...

Saturday, July 1, 2017

An agreement between two persons under which money or money’s worth is payable by one person to another on the happen or non happening of a future uncertain event is called a wagering agreement.

– X promise to pay Rs. 1000 to Y if it is rained on a particular day, and...

Friday, June 23, 2017

According to Section 12: A person is said to be of sound mind for the purpose of making a contract if, at the time when he makes it, he is capable of understanding it and of forming a rational judgment as to its effect upon his interests. A person, who is usually of un...

Friday, June 23, 2017

According to Section 31, a “contingent contract “is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.” Thus the contract is dependent or conditional upon the happening or non-happening of a future event or con...

Wednesday, June 21, 2017

Under Section 10 of the Contract Act requires that the parties must be competent to contract. Sec.11 defines who are competent to contract:

“Every person is competent to contract who is the age of majority according to the law to which he is subject, and who is of sound...

Tuesday, June 13, 2017

“All agreements are contracts, if they are made –
by free consent of the parties, competent to contract,
for a lawful consideration and
with a lawful object, and
not hereby expressly declared to be void.” – Sec.10.

Offer + acceptance = Promise

Monday, June 12, 2017

1. Who is competent to make a contract:-
Section 11. Every person is competent to contract who is of age of majority according to the Law to which he is subject, who is of sound mind and not is disqualified from contracting by any Law to which he is subject.

Age of maj...

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