INTRODUCTION A retroactive agreement between two parties who have no prior responsibilities to each other is known as a quasi-contract. It is made by the judge to fix a situation in which one party benefits at the expense of the other. This agreement is meant to keep one party from taking advantage of the situation
QUASI CONTRACTS- SECTION 68-72 OF THE INDIAN CONTRACT ACT Read More »
INTRODUCTION The Indian Contract Act of 1872, which is the most important piece of legislation controlling Indian contract law, established the law governing contracts in India. The Act is based on the ideas of English common law. A false claim, active concealment, vow without the purpose to carry it out, any other deceptive act, or
FRAUD UNDER INDIAN CONTRACT ACT, 1872 Read More »
INTRODUCTION In the twenty-first century, tremendous growth and development have taken in trade and commerce. With the development of trade and commerce, a combination of different principles is used to fix the rights and obligations of the parties involved. In India, the rights and obligations of the parties involved in such a contract related to
A COMPREHENSIBLE DISTINCTION BETWEEN VOID AND VOIDABLE CONTRACT Read More »
Introduction: According to Sir William Anson’s definition, Wagering agreement is “a promise to give money or money’s worth upon thedetermination or ascertainment of an uncertain event“. A wagering agreement is one in which two or more necessary parties have entered into a contract in which the first party promises to pay a certain sum of
Wagering Agreements in Indian Contracts Act, 1872 Read More »
Abstract Act 1872 on the Indian Contract Persons not contractually competent 1. Juveniles 2. Unhealthy people 3. Persons under Minor Lawdisqualified. Sec 3 of the Indians Majority Act 1875 explains the word Minor “a minor is a person who is not 18 years old.” No stuff to a minor If the minor has led the other
Rule of Restitution relating to Minor’s Contract Read More »
Introduction: In today’s time when there is a sudden spike in the new wave of COVID-19, it can be foreseeable that this period can again be construed as a “force Majeure” event for all the commercial contracts due to a detrimental effect in the industries and could result in loses for the parties in a
REVISITING THE ESSENTIALS OF A VALID CONTRACT UNDER THE INDIAN CONTRACT ACT, 1872. Read More »
Introduction: Different industries and legal relations have been hard hit by the aggressive measures imposed by the authorities worldwide to face the confirmed cases of COVID 19 have soared worldwide with fatalities. Therefore, there are many voices calling for the necessity of declaring this epidemic as a “Force Majeure”, and many questions arose about the
The Effect Of The Pandemic On The Execution Of The International Public Contract Read More »
Introduction to the Indian Contract Act, 1872 A contract is an agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration, and usually governed by a written agreement. In the legal language, the term ‘Contract’ can be defined as an agreement that the law will
Important Case Laws of the Indian Contract Act, 1872 Read More »
WHAT IS A DERIVATIVE A Derivative is a financial contract/security that derives its value from an underlying asset. They are linked to other securities such as bonds and stocks, commodities, currencies, and interest rates. They are not worth anything in and of themselves as there value is based off primary security they are linked to.
Future Of Financial Derivatives In India Read More »
Introduction When it comes to international investment arbitration, a perusal of awards and articles on the subject of jurisdiction and admissibility will lead one to the conclusion that the concept of admissibility is a fiction that has no role in this field of law,[i] that it is merely illusory. We must therefore analyze the nature
Admissibility of Investment Arbitration Claims Read More »
