Contract Law - Aishwarya Sandeep- Parenting and Law

Contracts of Sale, Auction Sale, Instalment purchase and Hire Purchase

Contract LawBy Aishwaryasandeep February 6, 2022 Leave a comment

Judicial Interpretation Judicial interpretation refers to different ways opted by judiciary to interpret the law, particularly constitutional legislations and subsidiary laws. There are different methods of judicial interpretation. Such kind of judicial interpretation of present statutes and set principles help us to correct lacunas and discrepancies in our legal system. Before explaining how our legal system interpreted and…

Force Meajure Clause under Contract law

Contract LawBy Aishwaryasandeep February 1, 2022 Leave a comment

Certain disasters are beyond the control of the parties of a contract. Such disasters, if they should occur, can provide a basis for one party to break away from fulfilling the contract. To remove liability and avoid legal consequences, parties can include a force majeure clause in their contract. This legal tool is meant to…

BAILMENT IN INDIAN CONTRACT ACT

Contract LawBy Aishwaryasandeep January 28, 2022 Leave a comment

Under the ICA, the word ‘bailment’ implies a relationship in which the personal property of one person is temporarily handed over into the possession of another. Eg – Delivering a watch for repair, depositing luggage in a cloakroom, delivering garments to a dry-cleaner, delivering gold to a goldsmith to male ornaments, etc. S.148: A ‘bailment’…

Importance of capacity to contract

Contract LawBy Aishwaryasandeep January 27, 2022 Leave a comment

INTRODUCTION Almost every transaction in our environment is the outcome of a contract. When you buy veggies from a merchant, you agree to give him money in return for the vegetables. If you run a store, you sign into two contracts: one with the maker of the items and another with the client who will…

What is a consideration in an Indian Contract?

Contract LawBy Aishwaryasandeep January 27, 2022 Leave a comment

The concept of consideration categorizes as a benefit that is bargained between the parties. It is a very important ingredient to form a valid contract. Consideration holds value and is paid to the party on the performance of the contract, and consideration can be of a variety of forms, it can form an act, promise,…

VALID OFFER AND ACCEPTANCE

Contract LawBy Aishwaryasandeep January 24, 2022 Leave a comment

INTRODUCTIONContract plays a very important role in our daily life. They are either oral or written agreements between two parties. Individuals, businesses, non-profits, and government entities could all be parties to a contract. The entire process of getting into a contract begins with one party making an offer, the other party accepting it, and the…

Residential Status of an Assessee

Company Law, Contract Law, India, Taxation LawBy Aishwaryasandeep January 10, 2022 Leave a comment

In today’s article, we will discuss the topic related to the residential status of an assessee as defined in the income tax act 1961. The residential status will help determine the taxable income in India. The residential status of an assessee as defined in SECTION 6 OF INCOME TAX ACT, 1961. Residential status is very important in…

Copyright Societies

Company Law, Competition Law, Contract Law, Intellectual Property Rights, Law, MiscellaneousBy Aishwaryasandeep January 8, 2022 Leave a comment

Concept of Copyright Societies:Collective administration of copyright by societies is a concept where management and protection of copyright in works are undertaken by a society of authors and other owners of such works. No authors and other owners of copyright in any work can keep track of all the uses others make of his work.…

Application of Kelsen’s Pure Theory of Law in Indian Law

Contract Law, LawBy Aishwaryasandeep January 2, 2022 Leave a comment

Introduction: Hans Kelsen was an Austrian jurist and philosopher of law and politics, who is known for the most precise development to date in analytical positivism. He was a professor at the Vienna University. In Vienna, Kelsen met Sigmund Freud and wrote on the topic of sociology and social psychology.[1] In the year 1920, he was…

Necessity laws: A Comparative Analysis between Indian & Common law positions

Contract Law, LawBy Aishwaryasandeep December 30, 2021 Leave a comment

An agent’s scope of authority during normal course of business is well-defined in the law. The extent of scope of their authority and their duties are also laid down by the law. However, this authority of the agent may change during an emergency. In the Indian Law, ‘agent’s authority in an emergency’ is articulated under…