Introduction to Consent: Section 10 of the Contract Act, of 1872 lays down the essentials of a valid agreement, where it says that for an agreement to be valid, it should have been caused by the free consent of the parties. Relevant Provisions: Sections 13, 14, 19, and 20 of the Contract Act, 1872. Meaning of Consent: Consent means; “Agreement,
A contract of agency is a two-party relationship in which one person acts as a representative to the other in business dealings in order to create contractual relations between that other and a third person. An agency may be created to perform any act that the creator of the agency himself could lawfully do. Relevant Provisions: Section 182 to 187,
Introduction to Contract Breach When one of the contracting parties refuses or fails to perform his part or obligation which he promised to perform, is a Contract Breach. A breach may be one by nonperformance, by repudiation, or by both. Every breach gives rise to a claim for damages & may also give rise to other remedies. Relevant Provisions Sections
In the formation of a contract, the essential requirement is that there should be a consensus between the contracting parties by means of offer & acceptance. There must be a definite offer by one party to the other and an unqualified acceptance by the other party. Here you will know the offer in contract law in detail. Relevant Provisions: Sections
In the formation of a contract, the essential requirement is that there should be a consensus between the contracting parties by means of proposal/offer and acceptance. There must be a definite proposal/offer by one party to the other and an unqualified acceptance by the other party. Here you will learn in detail acceptance in contract law. Relevant Provisions: Section 2(b),
Meaning of Damnum Sine Injuria: The word ‘Damnum’ means ‘Damage’. The word ‘sine’ means ‘without’. And the word ‘injuria’ means ‘violation of legal right’. Thus, Damnum sine lnjuria i.e. actual and substantial loss without infringement of legal right. Explanation: According to this maxim proof of damage however heavy would not be actionable as a Tort in the absence of proof
Introduction to Wagering Agreement The primary meaning of ‘wagering’ is staking something of value upon the result of some future uncertain event, such as a horse race, or upon the ascertainment of the truth concerning some past or present event, such as the population of a city. Section 30 of the Contract Act, of 1872, expressly declares wagering agreements void.
Introduction to Sovereignty: The word ‘sovereign’ is commonly used in the sense of a king or monarch, possessing the highest unlimited powers in the state, but in jurisprudence, a sovereign is one who enforces the law. Meaning of Sovereignty: (i) In the Literal sense: The term sovereignty means supreme dominion, authority, or rule. (ii) In its popular sense: The term