The Indian Contract Act of 1872, which establishes the foundation for legally binding agreements, is the main piece of legislation governing contract law in India. A contract must satisfy fundamental requirements under this law, including offer, acceptance, legitimate...
Contract law
STRICT LIABILITY ABSOLUTE LIABILITY VICARIOUS LIABILITY
Strict, Absolute, and Vicarious Liability are integral principles in law, each handling accountability without fault in different circumstances. Justice Oliver Wendell Holmes Jr. summed up strict liability, stating that “Even a dog distinguishes between being stumbled...
CONTRACTUAL RELATIONSHIPS
The Indian Contract Act, an important legislation governing contractual relationships in India, encompasses various provisions that recognize certain relations resembling those created by contract. These provisions offer legal recognition and protection to...
AGREEMENT WITHOUT CONSIDERATION IS VOID (SECTION 25)
SECTION 25 - Agreement Without Consideration Void Unless It Is In Writing And Registered, Or Is A Promise To Compensate For Something Done, Or Is A Promise To Pay A Debt Barred By Limitation Law. Section 25 of the Indian Contract Act, 1872, deals with agreements...
WHAT IS A SOUND MIND FOR THE PURPOSE OF CONTRACTS (SECTION 12 )
In contract law, the mental capacity of parties involved is crucial to ensure the validity and enforceability of agreements. Section 12 of the Indian Contract Act lays down the requirement of a "sound mind" for entering into a contract. Defining "Sound Mind" : A...
WHO ARE COMPETENT TO CONTRACT (SECTION 11)
In the realm of contract law, the Indian Contract Act, 1872, plays a vital role in defining the rights and obligations of parties entering into an agreement. Section 11 of the Act sheds light on the concept of competency to contract. Section 11 of the Indian Contract...