What Is The Discharge Of Contract?
Introduction There are many whys for a discharge of contract. Often, a contract makes certain obligations because of one or all parties’ involvement. When the obligation comes to an end, the contract is discharged. The thing is that…
Read more »What is a Void and Voidable Contract?
Introduction In practical life, people need to make contact for business or other reasons. But while entering into the contract, you should know where such an agreement may be void and voidable as per contract law. You should…
Read more »What Is The Contingent Contract?
Introduction We employ contingent contracts in our everyday lives. These contracts are specified under the Indian Contract Act, sections 31 to 36. The contract’s enforceability is directly proportional to the occurrence or non-occurrence of an unknown. We will…
Read more »Content of Contract: What You Need to Know
Introduction Contract content is a crucial part of every agreement. It should be mentioned in simple terms; however, you can include all necessary provisions in every contract. While writing a contract, you should try to make it in…
Read more »What Is The 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?
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 »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 »What Are The Types of Contracts?
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 »What Is The Importance of Consideration In A Contract?
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…
Read more »What are the Essentials of a Valid Contract?
Introduction: The contract is an agreement. When we need to enter into a contract, we need to know the essentials of a valid contract. In most cases, it must be made in written foment. However, an oral agreement…
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