Tagged: business law

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...

capacity of parties to contract Competent Parties As per Sec. 10 of the Indian Contract Act, “All agreements are contracts if they are made by the free consent of parties competent to contract”. Thus,...