Contract

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Case : Nand Lal Thanvi v. Legal Representatives of Goswami

This case[1] is originally an appeal of its original case with the same name, its judgement being passed in 1973. It basically revolves around Section 226 of the Indian Contract Act and Section 19 of the Indian Limitation Act. The trial court in the original case misinterpreted the concept of the Limitation Act. Hence, the …

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Nabha Power Ltd. V. Punjab State Power Corporation: Case Comment

The case of Nabha Power Ltd. v Punjab State Power Corporation Ltd. [1] is of remarkable significance in the domain of Law of Contracts. After a comprehensive analysis of domestic and international jurisprudences, the court elucidated the methodology for the interpretation of implied terms in a contract. The Court opined in the concerned case, a …

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Lease

A lease is an agreement under which certain rights are transferred from an owner of a property to the lessee. It is either for a fixed period of time or for forever. Under this, all rights are not transferred permanently only partial transfer takes place.[1] Under this, ownership remains with the owner or lessor however …

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Mistake: Indian Contract Law

There are two types of mistakes in the Indian Contract Law, 1872- Mistake of Fact Mistake of Law Both hold different liabilities and are different in their own sense. Mistake comes under free consent which is defined in Section 14 of the Indian Contract Act[1]. Mistake violates free consent although it may not be anyone’s …

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Fraud

Any deceitful act performed by a person for their own gain can be termed as fraud. Section 17 of the Indian Contract Act, 1872 defines fraud as- “Fraud” means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agent, with intent to deceive …

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Analysis of Section 141 of Indian Contract Act, 1872

Contract of guarantee is a tripartite agreement between the creditor, principal debtor and surety. A contract of guarantee means a contract to enforce third party’s promise or discharge liability if the default made by the second party. In a contract of guarantee, the creditor means a person whom the guarantee was given to another person, …

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Modes of Dissolution of a Firm

Modes of Dissolution of a Firm

With the changing times and advancements in technology, more and more companies and firms started to show up and it has become really important to regulate the functioning of these firms in India. Hence, the Indian Partnership Act, of 1932 was brought into the picture. It is a well-known fact that Indian law is influenced …

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The Indian Contract Act, 1872 : Agreement and Contract 

An offer when it is accepted becomes an agreement. But all agreements are not contracts. In order to become a contract, an agreement must be enforceable by law. Therefore, only those agreements which are enforceable by law can result in contracts. Offer + Acceptance = Agreement Agreement + Enforceability = Contract Agreement Under Section 2(e), …

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