Hon’ble Justice Satish Chandra Sharma was born on 30th November 1961, in Madhya Pradesh’s Jabalpur. He completed his LLB degree with three university gold medals in 1984. He was also awarded National Merit Scholarship for Post Graduate Studies. His father, Dr. B N Sharma was an eminent academician who served as a professor at Jabalpur... Continue Reading →
Persons disqualified from entering into a contract
A contract may be defined as an agreement enforceable by law. A contract may be defined as an agreement enforceable by law. A contract must satisfy the provisions of Section 10 of the Indian Contract Act, 1872 to be legally enforceable. The requirements are: Section 11 & 12 – The parties must be competentSection 14... Continue Reading →
Voidable Agreement
According to Section 2 (e) of the Indian Contract Act, 1872,” Every promise and every set of promises forming the consideration for each other is an agreement” The party making the proposal is called the ‘promisor’ and the party accepting the proposal is called ‘promisee’. Different types of agreement Valid Agreement – Agreements having proposal... Continue Reading →
When consideration is not necessary
Section 2 (d) of the Indian Contract Act, 1872 defines consideration as “When, at the desire of the promisor, the promise or any other person as done or abstained from doing, or does or abstains from doing, or promises to do or to abstain from doing, such act or abstinence or promise is called a... Continue Reading →
Illegal agreement
Agreement is meeting of minds on same issues from same perspective. The intention of the parties engaging in an agreement should be common. It comes to existence with offer and acceptance. As per Section 2(e) of the Indian Contract Act, 1872,”Every promise and every set of promises forming the consideration for each other is an... Continue Reading →
Biography of Hon’ble Justice Rajesh Bindal
Justice Rajesh Bindal was born on 16 April, 1961 in Haryana, India. He passed his matriculation from S.A Jain School, continued to go to college there only. He did his B.Com degree from Punjab University, Chandigarh. He has completed his LLB degree from Kurukshetra University in 1985.He then started practicing at High Court of Punjab... Continue Reading →
Lunatic’s Agreement
Section 11 of the Indian Contract Act, 1872 disqualifies a person with unsound mind to being competent in a contract. Section 12 of the Indian Contract Act, 1872 states that a person has to be sound in mind for entering into a contract so as to they can assess the consequences of the contract. There... Continue Reading →
Minor’s Contract
As per Section 11 of the Indian Contract Act, 1872, every person is competent to negotiate a contract who is of the age of majority according to the law to which he is subject and who is of reasonable intelligence and is not excluded by the law to which he is subject. Thus, people who... Continue Reading →
Types of Consideration
The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”. In section 2 (e), the Act defines the term agreement as “every promise and every set of promises, forming the consideration for each other”. The Act in its section 2(b) defines the term “promise” here... Continue Reading →
Void Agreement
The Indian Contract Act, 1872 defines a Contract under Section 2(h) as an ‘agreement enforceable by law’. There are two key elements of this definition. Agreement An agreement can be defined as promises between two or more parties based on mutual obligations. Enforceable by law For any agreement to be a contract it has to... Continue Reading →