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Law Of Contract

Difference between Rectification & Rescission

Difference between Rectification & Rescission Difference between Rectification & Rescission RECTIFICATION - There is a presumption of a complete contract in Rectification. It aims at the correction of an...

Difference between Contingent Contract & Wagering Agreement

Difference between Contingent Contract & Wagering Agreement Difference between Contingent Contract & Wagering Agreement CONTINGENT CONTRACT - Contingent Contract is a valid contract in nature. Under...

Contract (Defined)

   Contract (Definition)   The term Contract has been defined under Section 2 (h) of the Indian Contract Act ,1872. It defines a Contract as an Agreement enforceable by law.   An agreement cannot turn into a contract unless...

Contract of guarantee, surety, principal debtor and creditor (Defined)

Contract of guarantee, surety, principal debtor and creditor (Defined) Section 126, under Chapter VIII of The Indian Contract Act, 1872 defines the Contract of guarantee, surety, principal debtor and creditor. A 'contract of guarantee' is a...

Contract of indemnity (Defined)

  Contract of indemnity (Defined) Section 124, under Chapter VIII of the Indian Contract Act, 1872,  the contract of indemnity, is defined and explained. It is a Contract through which, one party promises to save the other...

Contingent Contract (Defined)

  Contingent Contract (Defined) Contingent Contract is defined under section 31, Chapter III of The Indian Contract Act, 1872. A "Contingent Contract" is a contract to do or not to do something, if some event, collateral to...

Misrepresentation (Meaning & Definition)

Misrepresentation (Meaning & Definition) Section 18 of The Indian Contract Act, 1872 defines and explains the term Misrepresentation. The term "Misrepresentation terms and includes- (1) the positive assertion, in a way or manner not warranted by the...

FRAUD (Meaning & Definition)

FRAUD (Meaning & Definition) FRAUD (Meaning & Definition) Section 17 of the Indian Contract Act, 1872 explains and defines the term "Fraud". In law, the term "Fraud", means and includes any of the following acts that...

Audi alteram partem – Meaning

A Audi alteram partem- Meaning This is a Latin phrase, which means, "hear the other side too". This rule is a Rule of Law and a part of the Principles of Natural Justice. It is also...
Indian Contract Act 1872 - Indian Kanoon

Indian Contract Act 1872 – Indian Kanoon

INDIAN CONTRACT ACT 1872 MEANING AND DEFINITION OF CONTRACT UNDER THE INDIAN CONTRACT ACT 1872-   The definition of Contract is given under S.2(h) of the Indian Contract Act, which provides ‘a contract is an agreement enforceable...

Indian Contract Act 1872-Introduction – Indian Kanoon

INDIAN CONTRACT ACT 1872   INTRODUCTION- The Indian Contract Act, 1872 is an act which specifies and deals with the principles of the Law of Contract. This Act came into force from the 1st day od September,...