Category: Mercantile Laws

Indian Contract Act – Void Agreement

This post explains meaning and concept of the term Void Agreement and Void Contract under Indian Contract Act 1872

It explains the concepts and meaning of the key terms like Ab Initio Void Agreements, Voidable Agreements and Voidable Contracts, Contrcat with Unlawful Object & Unlawful Consideration, Agreements opposed to Public Policy, Agreements in Restraint of Marriage, Agreements in Restraint of Trade, Agreements in restraint of Legal Proceedings, Wagering Agreements, Agreements of Lottery and Crossword Puzzle, Insurance Contracts and Wagering Agreements, Wager and Contingent Contract, Partially Unlawful Agreement and Illegal Agreement, with practical examples.

While the main text is in English, there are numerous embedded and linked video and Audio, both in English and Hindi, for ease of reading and understanding.

Indian Contract Act – Free Consent

This post explains meaning and concept of the term Free Consent in Acceptance of Contract under Indian Contract Act.

It explains the concepts and meaning of the key terms like Mistake, Coercion, Undue Influence, Fraud, Misrepresentation. It clearly explains the legal aspects of Contract created under Contract created under Mistake of Law of Land, Contract created under Mistake of Fact. Contract created under Unilateral or Bilateral Mistake, Contract created with Misrepresentation, Contract created with Fraud, Contract created under application of Coercion and Undue Influence, special rules for Pardanashin Women, explained with practical examples.

While the main text is in English, there are numerous embedded and linked video and Audio, both in English and Hindi, for ease of reading and understanding.

Indian Contract Act – Capacity to Contact

This post explains meaning and concept of the term Persons Competent to Contract.

It explains the legal aspects of Agreement with Minor. Necessaries of Minor. Rules of Estoppel for Minor. Agreement with Person of unsound mind, with practical examples.

While the main text is in English, there are numerous embedded and linked video and Audio, both in English and Hindi, for ease of reading and understanding.

Indian Contract Act – Consideration

Consideration in Contract under Indian Contract Act In simple words, Consideration is the mutual benefit that would accrue on performance of the contract. You may also say that Consideration is the price of the Contract, that is exchanged between the parties to the contract. So, you may view Consideration as 2 faced coin, mutual benefit…

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Indian Contcact Act – Offer and Acceptance

This post explains Meaning of the related legal terms like Offer, Proposal, Agreement, Contract, under Indian Contract Act 1872.

It explains important provisions of Characteristics of Offer and Acceptance of Offer. Valid Offer and Acceptance. Elements of Valid Offer and Acceptance. Classification of Offer. Offeror, Proposer, Acceptor and Promisee. Invitation to Offer, Tender, Communication of Offer, Revocation of Offer, Communication of Revocation of Offer, Acceptance of Offer, Cessation of Offer, with real life examples.

Indian Contract Act Introduction

This post explains Definition, Applicability and Concept of Indian Contract Act 1872, Essential Elements of Valid Contract, Classification of Contracts, Meaning of Proposal, Offer, Acceptance, Agreement and Contract. Video and Audio in English & Hindi are linked and embedded in the post for easier understanding.