Contract Law

Legality of Bank Guarantee

There is a need for some credible source t0 secure and reduce the risks in business transactions due t0 gl0balizati0n and increase in international trade as well as d0mestic trade. In contemporary business conditi0ns, the transacti0n takes place internationally, parties are isolated fr0m each 0ther, and a creative institution is required t0 serve the 0riginal functi0n 0f guarantee that […]

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Consideration Under Indian Contract Act 1872

‘Quid pro quo’, a legal maxim literally meaning something for something. It is a  common understanding between parties to supply a commodity, reciprocally for the merchandise or administrations which they have each profited by accepting. Consideration in layman’s term is the simple concept of give and take. The Indian Contract Act defines consideration as, ‘When

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VALIDITY AND RAPIDITY OF E-CONTRACT IN INDIA

In this technological environment, the standard of people’s lives has changed immensely. The use and utilization of computers & technology have increased. Computers help fill all the transactions or help communicate globally with anyone in this world. The technology has created a bridge or channel between the people globally through a network of computers. The

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