Category Archives: Contract Law

More – Contract Law

Acceptance

Acceptance is the next step to the offer that marks the beginning of a contractual relationship. It has to be absolute, unqualified and as per usual and reasonable manner. The mode can be as prescribed in the offer or as per the general practice. It can be revoked but under terms of the law. Introduction A gift comes… Read More »

Offer: Meaning, Types and Invitation

Offer: Types and Invitation is an important topic in the study of the Law of Contracts. Not only because it is the beginning step in the basic learning of this law but also because the logical fault lines between the concept of offer and invitation should be clarified since that can lead to problems. I. Introduction A proposal… Read More »

Revocation: Meaning and Modes

Revocation: Meaning and Modes, is very important to understand. We all know how consensus ad idem is must for the contract. But many a time, after expressing each of them, the parties want to retract from their earlier position. Hence, the law provides for such a facility in giving the option of revocation to either party. Introduction An… Read More »

Lawfulness of Consideration | Lawful Consideration

Lawfulness of Consideration | Overview Introduction Essential pre-requisites of Consideration Examples of Consideration The requirement of a valid contract Instances of Unlawfulness Conclusion The lawfulness of consideration | Lawful Consideration is very important to understand. Without the legality of this one aspect of the contract, the entire contract would be baseless. To make the consideration lawful, the same… Read More »

UNCITRAL Model Law on E – Commerce

Meta- Description UNCITRAL Model Law on E-Commerce was passed by the Commission in December 1996. It was a major breakthrough and initiative to provide a legal mechanism so as to govern the electronic transactions. The article would deal with the in and out of this model law and implications in domestic law. Key- Words Model Law, Electronic Commerce,… Read More »

Jurisdictional Issues in E- Contracts

Jurisdictional Issues in E- Contracts are bound to arise since the positive limits of classic statutes do not fit in the eternity of the internet. The boundlessness of the net and the instantaneous transaction provides a tough opportunity for the courts to ascertain their jurisdiction upon the disputes concerning e-contracts. Introduction A contract which is not formed on… Read More »

Agency: Concept and Definition

Agency is defined as a relationship which exists between one person who authorises and another who is authorised to act on the former’s behalf and the latter agrees to do so.[1] It is a fiduciary relationship which arises between persons where one of them expressly or impliedly consents that the other should act on his behalf so as… Read More »

Bailment: Concept And Definition

This article explains the bailment concept and definition. Bailment is a special type of contract found in Sections 148 – 181 of the Indian Contract Act 1872. Section 148 of the Indian contract act defines bailment as “ the delivery of goods  by one person to another for some purpose, upon a contract that they shall, when the… Read More »