Introduction The word ‘discharge’ means to ‘end’ or ‘terminate’. So the word ‘Discharge of contract’ simply means to end or terminate the contract. As a result of that, the liability of the parties to the contract comes to an end. The Indian Contract Act, enacted on 1872, mainly focuses on preventing the parties from making…
Introduction An agent, according to section 182 of Indian Contract Act,1872 is a person who represents his principle in contractual relationships with third parties. Under an agency contract, the principal appoints or engages an agent. As a result, an agent serves as a conduit between the principal and third parties. By his actions, an agent…
Introduction Indian Contract Act which came into force on 1872, frames and validates the contracts or agreements between different parties. Contract Act is one of the central laws which regulates all the business wherever there is a case of a deal or an agreement. This act mainly came into force, in order to prevent the…
Introduction An agency through ratification (also known as an ex post facto agency) is formed when a person, the principal, authorizes or accepts the unlawful activities or conduct of another person, the agent, after it has already occurred. To put it another way, an agent acts on behalf of the principle without having explicit authorization…
Section 11 of the Indian Contract Act, 1872 disqualifies a person with unsound mind to being competent in a contract. Section 12 of the Indian Contract Act, 1872 states that a person has to be sound in mind for entering into a contract so as to they can assess the consequences of the contract. There…
As per Section 11 of the Indian Contract Act, 1872, every person is competent to negotiate a contract who is of the age of majority according to the law to which he is subject and who is of reasonable intelligence and is not excluded by the law to which he is subject. Thus, people who…
Legal definition of Sub Agent The Sub-Agent is defined under Section- 191 of the Indian Contract Act, 1872 as- “A sub-agent is a person employed by, and acting under the control of, the original agent in the business of the agency” The sub-agent was hired by the original agent & operates under his supervision &…
The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”. In section 2 (e), the Act defines the term agreement as “every promise and every set of promises, forming the consideration for each other”. The Act in its section 2(b) defines the term “promise” here…
INTRODUCTION Essential commodities are those commodities that are used in the everyday life of the people. These commodities are needed to sustain and lead a normal life. They are essential to the people whether they are rich or poor. The availability or non-availability of such products has an impact on the regular life of the people. To regulate such…
ABSTRACT In today’s 21st century, the world is mostly dependent on technology/ internet sector, the person has a wide purpose to use the internet like for education, booking, entertainment, shopping, etc, technology has a great impact on society. Now even the contracts are made online for business purposes or any other purposes, for online contracts…
