Discharge of contracts
Discharge of contract means end of the contractual relationship between the parties. When the rights and obligations of the parties comes to an end, it is said that contract is discharged. A brief description...
Managment study material
Discharge of contract means end of the contractual relationship between the parties. When the rights and obligations of the parties comes to an end, it is said that contract is discharged. A brief description...
When there are more than one promisor or promisee in a contract, it is known as joint promise. Joint promises may take any of the following shapes- 1.Where several joint promisors make a promise...
It is only the promisee who can demand performance of the promise under a contract. A third party can not demand performance of the contract even if it was made for hisbenefit. In case...
Fraud means and includes making of a false statement knowingly it to be untrue or concealing a material fact knowingly with an intention to defraud the other party and to induce him to give...
Mistake may be described as n erroneous belief about something. A contract may be caused by mistake when both the parties to the contract do not agree to the same thing and in the...
Under influence When one party to the agreement compels the other party to give his consent against his will because he stands in such a position that he can exercise his pressure to persuade...
Coercion Condition When a person compels the other party to enter into a contract by the use of force or threat, he is said to have employed coercion and the consent is not free,...
Rules regarding contracting made by minors in persons declared incompletent by law The following persons are deemed to be disqualified to enter into a valid contract: (1) Alien Enemies. An alien is a person...
Rules regarding contracting made by minors Persons of sound mind and disability According to Sec. 11 of the Indian Contract Act, it is essential that the parties to a contract must be of sound...
competent parties minor agreements Minor’s Agreements A minor enjoys peculiar position in relation to the agreements entered into by or with him. The law protects interests of a minor with regard to an agreement...
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