Doctrine of Frustration
When the performance of the contract becomes impossible, the purpose, which the parties have in mind, is frustrated. If the performance...
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- Jul 9, 2017
Kinds of Damages Under Breach Of Contract
Different kinds of damages. Damages may be of four kinds: 1. Ordinary or General or Compensatory damages (i.e., damages arising naturally...
- Jul 1, 2017
VOID AGREEMENT
2(g)- Void agreement is an agreement which is not enforceable by Law – void – ab – inito. (1) Agreement by or with person’s incompetent...
- Jul 1, 2017
WAGERING AGREEMENT
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...
- Jun 23, 2017
Persons of Unsound Mind (Section 12 Indian Contract Act)
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...
- Jun 23, 2017
Contingent Contract
According to Section 31, a “contingent contract “is a contract to do or not to do something, if some event, collateral to such contract,...
- Jun 21, 2017
Nature and Effects of Minor’s Agreement?
Under Section 10 of the Contract Act requires that the parties must be competent to contract. Sec.11 defines who are competent to...
- Jun 13, 2017
Meaning and nature of contract – (INDIAN CONTRACT ACT ,1872)
“All agreements are contracts, if they are made – by free consent of the parties, competent to contract, for a lawful consideration and...
- Jun 12, 2017
CAPACITY TO CONTRACT
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...