Etymologically the word ‘Bailment’ can be derived from the French word ‘Bailler’ meaning ‘to deliver’. Though bailment in its similar form existed in the ancient
Category: #contract law
CASE SUMMARY: MOHORI BIBEE V/S DHARMODAS GHOSE
The case of Mohori Bibee vs. Dharmodas Ghose concerns the nature of minor’s contracts, his fraudulent false interference, the application of the principle of estoppel,
IMPORTANCE OF CONTRACTS
Contracts are a necessary component of our daily lives. Contrary to popular assumption, contracts are utilised extensively not only in business transactions but also in
CONTRACT OF INDEMNITY
A contract of indemnity is a unique type of contract. The phrase “indemnity” signifies “security or protection against loss” or “compensation.” “A contract by which
BAILMENT UNDER CONTRACT LAW
Section 148 of the Indian Contract Act states that “A ‘bailment’ is the delivery of goods by one person to another for some purpose, upon
ESSENTIALS OF A VALID MARRIAGE AND DIFFERENCE BETWEEN VOID,VOIDABLE AND VALID MARRIAGE
Essentials of a valid marriage are defined under section 5 of the Hindu Marriage act. It statesthat A marriage may be solemnized between two Hindus
GUARANTEE UNDER CONTRACT LAW
Section 126 of the Indian Contract Act defines the term “guarantee” as follows: “It indicates that a “contract of guarantee” is a contract to execute
PLEDGE
A type of bailment is a pledge. Pawn is another name for pledge. Bailment of commodities as a security for the return of a debt
Sale of Goods
Introduction The contract of the sale of goods is governed by The Sale of Goods Act, 1930. The Act extends to the whole of India
BAILMENT
The term ‘bailment’, is derived from ‘Bailler’, a French word that means ‘to deliver’. A bailment relationship occurs when goods are given to another party
Duties and Rights of Bailor and Bailee in a Contract of Bailment
A contract of bailment establishes a relationship between two parties when a person entrusts one’s property temporarily to another without intending to give up the
Elements of a contract
It is important for our team to have a clear focus on what should be done when signing a contract, given that we have identified
DOCTRINE OF PRIVITY OF CONTRACT
The doctrine of privity means that a contract is said to be a contact between the parties who are expressly mentioned in the contract and
OFFER AND INVITATION TO TREAT
Offer and invitation to offer or invitation to treat are two completely different aspects of a contract. However, many a times, people do mistake of
Exceptions for the requirement of having Consideration in a Legally Enforceable Contract
Consideration is quid pro quo, i.e., “something in exchange” and it is a key aspect in determining the parties’ real desire to form a legal
COMMUNICATION AND REVOCATION OF OFFER UNDER INDIAN CONTRACT ACT,1872
COMMUNICATION OF PROPOSAL/OFFER According to Section 4 of the Indian Contract Act 1872, The communication of a proposal is complete when it comes to the
TYPES OF PROPOALS/OFFERS
SPECIFIC OFFERS A specific offer is one that is made to a specific person or to specific class of people and has conditions that must
PROPOSAL UNDER INDIAN CONTRACT ACT, 1872
INTRODUCTION From insurance plans to job contracts, contracts play an important role in our daily lives. Indeed, we enter into contracts without even thinking about
Agency under the Indian Contract Act, 1872
Agent The word agent is defined under Section 182 of the Indian Contract Act, 1872. When a person is employed to do any act for
Contract Act And Types Of Contract
An agreement which can be legally enforceable by the law is called as Contract. The definition of contract is given in Section 2 (h) of
