Introduction: According to section 2(g) of the Indian Contract Act, 1872 “an agreement not enforceable by is said to be void.” From section 24 to 30 of the act mentions certain agreements which are void. Although, the agreement satisfy the essentials of a valid contract. Types of Void Agreements: This act divides the void agreement…
According to Section 2(a) of the Indian Contract Act, 1872- When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal. A proposal or an offer involves two…
The mental condition known as “insanity” is characterised by irrational behaviour brought on by mental instability. According to the judicial system, a person who has been diagnosed as crazy is incapable of distinguishing between right and wrong. A person who is insane is said to have a mental illness that causes them to lose their…
A. Lawful Consideration: 1. Introduction: For the valid contract the presence of consideration is an important factor. When an agreement is without the consideration then it is void. In England, the contracts are divided into two types: 1. Contracts under seal or contracts in the form of deed. Such contracts are valid without consideration. 2.…
1) Introduction: Agreement in Restraint of Judicial Proceedings is given under section 28 of the Indian Contract Act, 1872 which states that an agreement absolutely restraining a party from enforcing his rights through a court of law, or an agreement which places a limit as to the time within which a right can be enforced,…
1) Introduction: The right to marriage which comes under Article 21 of the Indian constitution which also guarantees the right to life and personal liberty to all the people. As per section 26 of the Indian Contract Act, 1872, every agreement in restraint of the marriage of any person, other than a minor is invalid.…
1) Introduction: As per section 27 of the Indian Contract Act, 1872, An agreement by which any person is stopped from practice a lawful profession, trade or business then it is void. An agreement which unnecessarily reduce the freedom of a person to trade is against public policy. Stopping a person from carrying on a…
Introduction: If a party makes an explicit statement of fact that is not true yet believes it to be true is called misrepresentation. It should not be with the intention to deceive another party. The consent caused by the misrepresentation is not free consent and it is voidable at the option of the party whose…
Introduction: Section 2(e) of the Indian Contract Act, 1872 says that every promise and every set of promises, forming the consideration for each other is an agreement. When the agreement is enforceable by law becomes a contract. To enforce the agreement by law there are such elements that are required to be fulfilled. Elements of…
First of all it is very important for us to understand the meaning of an agreement as given in the Indian law. According to Section 2(e) of the Indian Contract Act,1872- Every promise and every set of promises, forming the consideration for one another, is an agreement. Agreement= Promise (proposal+ acceptance) + Consideration ESSENTIALS OF…
