contract

The term “Estoppel” comes from an old French word- “Estoupail” (or variation), which suggests a “stopper plug” of placing a brake on the imbalance of the situation. Estoppel is mainly a judicial principle of common law that enables a court to prevent an individual from accusing or denying a

With the decision of Lalit Kumar Jain v. Union of India , the Supreme Court has managed a final knockout to the individual underwriter’s right of subrogation emerging after the endorsement of the goal plan. The seat maintained the established legitimacy of the warning dated November 15,

The Indian Contract Act 1872 defines the term contract as “An agreement enforceable by law as to contract” it is a legally binding agreement that is formed with the consent of two or more parties agreed on the point mutual terms forming consideration for each other. With the growing

There’s been many circumstances in which law as well as justice require that a certain person be required to oblige to an obligation, although neither has he breached any contract nor has he committed a tort. To understand this with an example, a person who owns a house

An old woman was providing a sum of money to her sister (plaintiff) out of her estate. Later on, the old lady transferred her property to her daughter (defendant) by a deed of gift which was registered by the respective authorities.

So, do you find yourself all geared up for that lease? That descent apartment with the community of your choice. Oh yes! The one you’ve been bookmarking ever since you’ve had your first pay cheque. But are you really good to go? What about your credit?

The Indian contract Act gives a mention of the contract of guarantee which is an important section of the act. There are three parties in a guaranteed contract the principal debtor, the creditor, and the surety.

It is already known that seller and buyer have certain duties towards each other, which are needed to be performed by both the parties, efficiently and effectively. The foremost responsibility of the seller is to deliver the goods, safely and the foremost onus of buyer is to receive and to pay the consideration for them, in consensus with the conditions mentioned in the contract.

A standard form of contract is one in which one of the parties establishes the contract’s terms and conditions, and the other side has very little or no opportunity to negotiate more favourable terms, leaving them in a “take it or leave it” situation.

Agreement in restraint of trade means the trade in which one party agrees with the opposite party to restrict their right to perform a job or profession with other persons who are not the trade parties without the explicit authorization of this party. Section 27 of the Indian Contract says that agreements that restrict of trade are null and invalid in India.