Category Archives: Contract Law

More – Contract Law

Right of Sale of Pledged Goods

Introduction – Right of Sale of Pledged Goods The article discusses the right of sale of pledged goods. In today’s time, each and every person is undertaking different types of contract for fulfilling different objectives. Undertaking contract has become part of daily life and for some person; it’s a way of earning money. One of the contracts among… Read More »

Rights of The Pawnor & Pawnee

Introduction The article discusses the rights of the pawner and pawnee. In today’s time, each and every person is undertaking different types of contract for fulfilling different objectives. Undertaking contract has become part of daily life and for some person; it’s a way of earning money. One of the contracts among them is a contract of pledge. Contract… Read More »

Pledge and Bailment: Difference & Comparison

I. Introduction The article analyzes the difference and comparison between Pledge and Bailment. In our day to day interactions, we undertake various contractual transactions with various types of people for various reasons knowingly or unknowingly. Undertaking a contractual relationship has become so common that people hardly realise that what they are undertaking could have legal consequences. One such… Read More »

Concept and Definition of Pledge

Introduction The article analyzes the Concept and Definition of Pledge. In our day to day interactions, we undertake various contractual transactions with various types of people for various reasons knowingly or unknowingly. Undertaking a contractual relationship has become so common that people hardly realise that what they are undertaking could have legal consequences. One such example is the… Read More »

Contingent Contract: Concept And Scope

I. Introduction The article discusses the concept and scope of the contingent contract. Contract Act is the basis for all the commercial transaction which takes place in the country. When any party enters into a contract there is no optional clause between the parties that one party shall undertake the particular act and other parties may or may… Read More »

Voidable Agreement

Voidable Agreement | Overview Introduction Free consent Section 15 of the act Section 16 of the ACT Section 17 of the act Section 18 of the act Section 20 of the act Conclusion I. Introduction This article shall be explaining in a detailed manner the provisions relating to the voidable contracts. When contracts are entered but two parties… Read More »

The Lawfulness Of Object And Consideration | Section 23

This article ‘Lawfulness Of Object And Consideration’ shall be analysing what is considered as valid objective and consideration of a contract and what are the criteria through which it can be decided whether the objective and consideration are illegal or not. I. Introduction to the Lawfulness Of Object And Consideration This article shall be analysing what is considered… Read More »

Insurance Contract and Indemnity In India

I. Introduction The contract of indemnity as described in section 124 of the Indian Contract Act[1], is a contract between two parties where one party promises to indemnify the other party in case the later one suffers from any loss or to incur any kind of expenses or to protect him from any legal consequences which have been… Read More »

Consequences Of Breach Of Contract

Consequences Of Breach Of Contract | Overview Section 73 of the act The “Hadley v Baxendale” rule Loss of profit Section74 of the act Section 75 of the act Types of damages Conclusion The article discusses the Consequences of Breach of Contract. A contractual agreement is the backbone of commerce & trade of any country. Any country which… Read More »

Quasi-Contract and Claim for Compensation

I. Introduction The article talks about Quasi-Contract and Claim for Compensation. A contractual obligation includes offer, acceptance, considerations and performance of the contract. Contractual obligations are the sole of commercial transactions and without which no trade & commerce would be possible. But there is a certain contract which binds the party for performance even when some of the… Read More »