Category Archives: Contract Law

More – Contract Law

Time and Place for Performance of Contract

It is understood that for contracts certain essentials have to be satisfied. After the satisfaction of those essentials, only the contract gains the force of law. But those are not the only elements that need to be satisfied. If a contract is not performed on time and in the manner prescribed its legality can be questioned. This article… Read More »

Contracts Which Must Be Performed

This article seeks to explain which contracts must be performed. Section 37 of the Indian Contract Act, states that – the parties to a contract must either perform, or offer to perform, their respective promises unless such performance is dispensed with or excused under the provisions of this Act, or of any other law. Promises bind the representatives… Read More »

Registration of Firms and Effect of Non Registration

Registration of Firms and Effect of Non-Registration are two important paradigms of Chapter 7 of the Indian Partnership Act, 1932. It is not mandatory for a firm to get registered, and the process is also fairly simple. But, the consequence of non-registration takes away the opportunity to enforce the contractual or legal rights. Introduction Firms formed under the… Read More »

Properties of Firm | Indian Partnership Act, 1932

Properties of firm are covered under Section 14 of the Indian Partnership Act, 1932. Various aspects like goodwill and the rights and interest held in properties are considered as properties of the firm. The essential is an express or implied agreement among the partners. Rest, the property can be acquired also. I. Introduction A firm is just a… Read More »

Formation of Partnership | Indian Partnership Act, 1932

Formation of Partnership is an important activity which has to take place within the tenets of the law. The permissible restrictions are present in the Indian Partnership Act, 1932. The agreement through which the partnership is originated is to be legal and the object should not be illegal. The partnership is not created by status and can be… Read More »

Partnership: Concept, Definition and Essentials

The concept of Partnership is an important area to explore before delving into the legal nuances of this vast arena. Having no legal entity still binding its constituents, called partners, this is the beauty of this concept. I. Introduction – Concept and Definition of Partnership A unique form of association, the partnership allows individuals to collaborate by maintaining their… Read More »

Declaratory Decrees | Specific Relief Act 1963

Declaratory decrees issued under section 34 of the Specific Relief Act. It acknowledges the legal character or right to property of the plaintiff. It helps in avoiding all possible future controversies and litigations that can arise over the title. It is binding only between the parties. I. Introduction: Declaratory Decrees under the Specific Relief Act 1963 Under Chapter 6… Read More »

Cancellation of Instruments | Specific Relief Act 1963

Cancellation of instruments is a remedy provided under the Specific Relief Act, which combines equity and law so as to provide justice to the aggrieved. There can be a void or voidable instrument, which can be sought to be cancelled at the option of the plaintiff. The remedy is dependent upon the discretion to be exercised by the… Read More »