Meaning of Contract, Nature and Scope of Contract
What is the meaning of contract? Meaning of Contract: - A contract means an agreement, which is enforceable by law. An agreement consists of reciprocal (mutual) promises between the two…
List Of Contents
- Meaning of Contract, Nature and Scope of Contract
- Offer / Proposal: Definition, Communication, Revocation, General/ Specific Offer
- Invitation to Treat
- Acceptance: Definition, Communication, Revocation, Tenders / Auctions
- Effect of Void, Voidable, Valid, Illegal, Unlawful Agreements
- Standard Form of Contract
- Online Contracts
- Consideration- Definition , Kinds, Essentials, Privity of Contract
- Capacity to Enter into a Contract
- Minor’s Position: Nature / Effect of Minor’s Agreements
- Free Consent
- Invalid Contract: Coercion, Undue Influence, Fraud, Misrepresentation and Mistake
- Unlawful Consideration and Object
- Discharge of Contract
- Impossibility of Performance and Frustration of contract
- Breach of Contract: Anticipatory and Present
- Remedies for Breach of Contract
Offer or Proposal
What is an offer or proposal? Meaning of Offer or Proposal: - When one person signifies his willingness to do or to abstain from doing something with a view of…
Invitation to Treat
What is Invitation to Treat? Meaning of Invitation to Treat under Indian Contract Act: - It refers to an invitation for a party to make an offer enter into contractual negotiations.…
Acceptance in Contract Law: Definition, Communication, Revocation, Tenders/Auctions
What is the meaning of Acceptance in Contract Law? Meaning of Acceptance in Contract Law: - Acceptance in contract law refers to the promise or act of a buyer who…
Effect of Void, Voidable, Valid, Illegal, Unlawful Agreements
What is the difference between void and voidable contract? Chapter 2 of the Indian Contract Act, 1872 discusses void and voidable contracts. Based on validity or enforceability, we have five…
Standard Form of Contract
What is Standard Form of Contract? Meaning of Standard Form of Contract: - Standard form of contract is generally the terms and conditions of the contract that are pre-drafted by…
Online Contracts
What are online contracts? Meaning of Online Contracts: - Online contracts are an agreement made, signed and executed electronically, usually over internet in electronic form, no paper is used. An…
Consideration in Contract: Definition, Essentials, Kinds and Privity of Contract
What is Consideration in Contract? Meaning of Consideration in Contract: - When, at the desire of the promisor, the promisee or any other person has done or abstained from doing,…
Capacity to enter into a Contract
What is the capacity to enter into a contract? Meaning of Capacity to Enter into a Contract: - Capacity to enter into contract means the competency to enter into a valid…
Effect and Nature of Minor’s Agreement
What is the effect of minor's agreement? Anyone who is under the age of 18 is known as a minor. Every agreement with minors is void from the beginning. It is null and void hence…
Free Consent under the Indian Contract Act
What is Free Consent under the Indian Contract Act? Meaning of Free Consent under the Indian Contract Act: - When both the parties agree to a thing in the same…
Invalid Contract: Coercion, Undue Influence, Fraud, Misrepresentation and Mistake
What is an Invalid Contract? Meaning of Invalid Contract: - The Invalid contract is an agreement which is not enforceable by law when it lacks essentials of a valid contract.…
Unlawful Consideration and Object
What do you mean by unlawful consideration and object? Meaning of Unlawful Consideration and Object: - Two things are necessary for a contract to be a valid contract i.e., a…
Discharge of Contract
What is discharge of contract? Meaning of Discharge of Contract: - The discharge of contract is defined as the termination of a contract or an agreement made by two parties…
Impossibility of Performance and Frustration of Contract
What is the doctrine of frustration of contract? Meaning of Frustration of Contract: - The doctrine of frustration is a common law doctrine, codified in section 56 of the Indian…
Breach of Contract: Anticipatory and Present
What is Breach of Contract? Meaning of Breach of Contract: - A breach of contract by a party is a failure to fulfill obligations under a contract. A breach of contract is…
Quasi Contracts
What is the meaning of quasi contract? Meaning of quasi contract: - The word 'Quasi' means pseudo. Therefore, a quasi contract is a pseudo contract. The quasi contract is based…
Remedies for Breach of Contract
What are the remedies for breach of contract? The parties to a contract are expected to legally perform their obligations. Therefore, when either of the parties does not keep their…