Posted in Indian Contract Act

Consideration.

What is consideration? Consideration is, in a sense, the price agreed to be paid by the promise for the obligation of the promisor. Consideration has, therefore, been defined in…

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Posted in Indian Contract Act

Quasi Contract

A quasi-contract is a contract that is created by the court when no such official contract exists between the parties, and there is a dispute with regard…

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Posted in Indian Contract Act

Standard Form of Contracts

A standard form of contract those contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the…

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Posted in Indian Contract Act

Void Agreement

Void agreements are those agreements which are not enforced by law courts. Section 2(g) of the Indian Contract Act defines a void agreement as, “an agreement not…

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