Mistake

Introduction:When a person misunderstood or misinterprets the facts of something, he is at a mistake.The mistake may be defined as when either one or both the parties to the contract give their consent, which is caused by misunderstanding, and if this fact is not presented they would not come into the contract; the contract is... Continue Reading →

Contingent Contract

Introduction: Section 31 of the Indian Contract Act, 1872 says that "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." Section 32 to 36 defines the enforcement and possibilities of the contingent contract. Definition: A contract is a contingent... Continue Reading →

Agreement in Restraint of Legal Proceeding

Introduction: An agreement made to restrict a person's right to legal proceedings or limit the time for filing a suit is void. But the section that declares these types of agreements has an exception that allows restricting the jurisdiction to one court and enforcement of any legal proceeding in a court of law if parties... Continue Reading →

Agreement in Restraint of Trade

Introduction:  An agreement that restricts someone from doing a lawful trade or business either wholly or partly is void as it takes away one's right to trade. The agreement that restraints doing trade in a particular area or for a period of time is also void. Although, there are some exceptions, where one can be... Continue Reading →

Void Agreements

Introduction: According to section 2(g) of the Indian Contract Act, 1872 "an agreement not enforceable by law is said to be void." From section 24 to 30 of the act mentions certain agreements which are void. Although, the agreement satisfy the essentials of a valid contract. Types of Void Agreements: This act divides the void... Continue Reading →

Agreement in Restraint of Marriage

Introduction: The Indian Contract Act, 1872 provides that certain agreements are void. These types of agreements include agreement that breaches the law or public policy or takes away the right of someone. A kind of this agreement is "agreement in restraint of marriage". Agreement in restraint of marriage is void. Click here to know more... Continue Reading →

Unlawful Agreements

Introduction: There are such agreements that are unlawful because they are against the law. These agreements may be to commit a crime or defraud or corrupt someone. The Indian Contract Act, 1872 provides no particular provision that describes which agreements are unlawful; the same can be understood by the judgments. Definition: An unlawful agreement is... Continue Reading →

Void Agreements

Introduction: According to section 2(g) of the Indian Contract Act, 1872 "an agreement not enforceable by is said to be void." From section 24 to 30 of the act mentions certain agreements which are void. Although, the agreement satisfy the essentials of a valid contract. Types of Void Agreements: This act divides the void agreement... Continue Reading →

Lawful Object and Consideration

Introduction: For a valid contract, its object and consideration should be lawful, according to section 10 of the Indian Contract Act, 1872. Both the object and consideration are essential elements of a contract, and which object and consideration are lawful is described under section 23 of the act. Section 24, says that either whole or... Continue Reading →

Misrepresentation

Introduction: If a party makes an explicit statement of fact that is not true yet believes it to be true is called misrepresentation. It should not be with the intention to deceive another party. The consent caused by the misrepresentation is not free consent and it is voidable at the option of the party whose... Continue Reading →

Four Elements Of Contract

Introduction: Section 2(e) of the Indian Contract Act, 1872 says that every promise and every set of promises, forming the consideration for each other is an agreement. When the agreement is enforceable by law becomes a contract. To enforce the agreement by law there are such elements that are required to be fulfilled. Elements of... Continue Reading →

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