Act of God

According to Sir Fredrick Pollack – “An Act of God is an operation of natural forces so unexpected to anticipate it”. According to Salmond – “An act of God includes those acts which a man cannot avoid by taking reasonable care. Such accidents are the result of natural forces and are incoherent with the agency…

Force Majeure

Force Majeure is a French term which literally means “greater force”. Force Majeure means an event or an act which cannot be controlled or anticipated by any human being. It is a clause in a contract law which allocates the risk of loss if the performance of the contract becomes impossible for any of the…

CONTRACT OF GUARANTEE

Guarantee is a lawful term more far reaching and of higher import than one or the other warranty or “security”. It most generally assigns a private exchange through which one individual, to acquire some trust, certainty or credit for another, connects with to be liable for him. Contract of Guarantee is a contract to play…

Quasi contracts

Quasi contracts are the contracts which are actually not any agreement or contract because there is no  competency, consideration, offer and acceptance, free consent of parties etc which are considered as the essentials of contract. But inspite of that these contracts are legally enforceable by courts of law and such type of contracts are known…