Difference Between Contract And Agreement
Introduction Since agreement and contract are used as formal statements, that’s the reason why both terms are used interchangeably. But, there is a difference between a contract and an agreement. In general, an Agreement is a legal promise…
Read more »What Are The Requisites Of Contract Of Sale Explain
Introduction The modern age has entered the age of trade, commerce, and the sale and purchase of goods. All these are inseparable and a core element of trade and commerce. In a diverse country like India, there must…
Read more »Explain With The Exception An Agreement Without Consideration is Void
Introduction One of the most important principles in contract law is consideration. As a result, every student of contract law should have a full grasp of the subject. According to the Indian Contract Act of 1872, each contract…
Read more »Explain types of contracts under the Indian contract act 1872
Introduction The Contract is a crucial factor for making every transaction regarding a specific purpose. There are many types of contracts available under the Indian Contract Act 1882. Through the agreement, everyone makes transactions healthy and wealthy it…
Read more »Importance of Lawful Consideration in a Contract with Example
Introduction Consideration is a vital part of a contract. Consideration is the cost of this contract. An agreement without lawful consideration is void and thus not enforceable by law except under certain conditions. Consideration is the price for…
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