Quasi Contract under Section 68 to 72 of the Contract Act
Quasi Contract under Section 68 to 72 of the Contract Act Meaning There are many situations in which law as well as justice require that a certain person be required to conform to an obligation, although he has neither broken any contract nor committed any tort[1]. The term ‘Quasi’ means pseudo. Quasi means almost or […]
Contingent Contract under Indian Contract Act- Our Legal World
Contingent Contract under Indian Contract Act Definition The expression “Contingent Contracts” is defined under Section 31 of the Indian Contract Act, 1872 as: A ‘contingent contract’ is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen[1]. Illustration: Lily contracts to pay Riya Rs.50,000 […]
Consideration: Meaning, Definition and Essential Elements- Contract Act
Consideration: Meaning, Definition and Essential Elements- Contract Act 1872 Consideration: Meaning, Definition and Essential Elements Meaning of Consideration Consideration means “something return” or “something which is given and taken.” It refers to something of value given to someone in return for goods, services or some other promise. It is the price paid for contract. Section […]
VOID AGREEMENT UNDER SECTION 24 to 30 OF INDIAN CONTRACT ACT, 1872
VOID AGREEMENT UNDER SECTION 24 to 30 OF INDIAN CONTRACT ACT, 1872 This article is written by Shikha Singh who is a 2nd-year student of BCom.LL.B. at Banasthali Vidyapith, Rajasthan. The author in this article discusses in detail about the void agreement under Section 24 to 30 of Indian Contract Act, 1872 and also about expressly […]