contract

The Law of Contract is the most important branch of commercial law. How people trade among themselves, what obligations are applied on people if they do not obey their trade for which they

‘Nemo locupletari potest aliena iactura’ means no one should be a benefit at others expense in other words it means Unjust Enrichment. Unjust Enrichment means that due to the loss of an

The Indian Contract Act, 1872 defines an agreement as “every promise and every set of promises forming consideration for each other”. And, every agreement that is enforceable by law and is legally binding is a contract. In simple words, wager means to ‘bet’ or ‘gamble’.

The Indian Contract Act 1872 contains section 2(h), which says, “An agreement enforceable by law is a contract.” A contract is an amalgamation of two important concepts: Before having a contract, there must be an existence of an agreement. There must be an obligation that must be enforceable

We live in a very technical world where most of the work is done through the use of electronic devices. In recent years, rapid development has been seen in the technology field. It has changed the way of operation of businesses. We can easily witness the same. In the time of COVID, when

An extremely important question that had to be interpreted was whether Minors can enter into agreements or not has been remarkably answered by the Allahabad High Court in its recent judgment of the case of Sadhna Kumari v. State of U.P . The court was of the view that any

Under the Indian Contract Act 1872, discharge of contract means the disposing/ending of the contract between parties, and hence contractual obligations of both parties to the contract end there. Parties are discharged from the contract when they have not fulfilled their contractual

Section 25 of the Indian Contract Act 1872, specify that “an agreement that has been made without any kind of consideration is void subject to certain exceptions” . Consideration means something in an exchange between two parties for the promise. Consideration is a must for the validation of any

On 1st February 2006, Gujarat Urja Vikas Nigam Limited (GUVNL) issued a public notice inviting tenders for supply of power. The participating bidders were to quote their prices under three competitive bidding processes- escalable tariff, non-escalable tariff or partly escalable and partly