In part one we discussed some rights of bailee in the contract of bailment. In this part some more rights bailee . Those rights are •Right in lienRight to lien refers to the right of an individual to keep goods and securities belonging to another in his possession until certain legal debts owed to the…
WHAT IS A CONTRACT ? Defined under section 2(H)of Indian Contract Act, 1872. An agreement enforceable by law is a contract. To understand contract we need to understand two things:- What is an Agreement ? How a contract becomes enforceable ? IMPORTANT CONCEPTS • Proposal or Offer ( Section 2(A) ) • Acceptance ( Section…
In part one we learnt about the meaning of right to lien as well as laws relating to particular lien in contract of bailment in this part we shall continue with general lien that is another type of right to lien in contract of bailment and further provisions relating to bailment. Section 171 provides for…
Section 4(1) of Sales Of Good Act,1930 defines a contract of sale as under:A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in the goods to the buyer for a price.The essentials to constitute such a contract are:(1) It is a contract between the two…
Pharmaceuticals play a significant part in the management of sickness and disease in human life, and in this context, medical practitioners are tasked with prescribing the different drugs necessary for various ailments/illnesses in order to treat and cure them appropriately. In this post, we’ll look at how India controls pharmaceutical promotion and marketing to ensure…
In part 1 we have seen that the bailor has a duty to disclose faults in goods bailed and he also has a duty to bear expenses now lets look at other duties of bailor. •Indemnify BaileeAs per Section 159 of the Indian Contract Act 1872 the bailor can terminate bailment at any point of…
The term proposal defined in Section 2(a) of the Indian Contract Act, 1872 states that when one person signifies his willingness to do or abstain from doing something with a view to obtain assent of another person is said to make a proposal. The term proposal as used in Indian Contract Law is similar to…
In the contract of bailment the bailor is the person who receives good from the bailor for a specific purpose or time period. His rights and duties are as follows Rights of bailee •Right to compensation As per section 164 of the Indian Contract Act 1872 the bailor has a responsibility to compensate the bailee…
A contract is an Agreement made between two or more parties which the Law will enforce. An agreement is every Promise and every set of promises , forming consideration for each other. Valid contract is the one which is enforceable by law. There are the various type of contract namely, void contract, voidable contract, illegal contract,…
In the Indian Contract Act, “Discharge of contract means an agreement which was binding on the parties to it, cease to bind the party, the contract is said to be discharged”. MODES OF DISCHARGE OF CONTRACT:-1.] DISCHARGE BY PERFORMANCE.2.] DISCHARGE BY BREACH OF CONTRACT.3.] BY IMPOSSIBILITY OF PERFORMANCE.4.] BY AGREEMENT AND NOVATION.5.] DISCHARGE BY OPRESSION…
