A stranger to a consideration can sue
Introduction: There is a general rule of law is that only the parties to a contract can sue. In other words, if a person not a party to a contract, he…
All contracts are agreements but all agreements are not contracts
“All contracts are agreements but all agreements are not contracts”- the statement has two parts.(a) All contracts are agreement: As per section 2(h) of Indian contract Act, “A contract is an agreement…
Explain the term consideration and state the exceptions to the rule No consideration no contract
Meaning:- Consideration is a technical term used in the sense of quid-pro-quo (i.e.., some thing in return). When a party to an agreement promises to do something, he must get something…
Insufficiency of consideration immaterial but an agreement without consideration is void
Meaning:-Consideration is a technical term used in the sense of quid-pro-quo (i.e.., some thing in return). When a party to an agreement promises to do something, he must get something…
A contract without consideration is void
Meaning:-Consideration is a technical term used in the sense of quid-pro-quo (i.e.., some thing in return). When a party to an agreement promises to do something, he must get something…
Define consideration? A contract not supported by consideration is unenforceable discuss what are it exceptions
Meaning:-Consideration is a technical term used in the sense of quid-pro-quo (i.e.., some thing in return). When a party to an agreement promises to do something, he must get something…
Define consideration and What are the rules as to consideration?
Meaning:-Consideration is a technical term used in the sense of quid-pro-quo (i.e.., some thing in return). When a party to an agreement promises to do something, he must get something…
When is communication complete
An offer, its acceptance and their revocation (withdrawal) to be complete when it must be communicated. When the contracting parties are face to face and negotiate in person, a contract…
Revocation of offer and acceptance
Revocation of offer: A proposal/offer may be revoked at anytime before the communication of its acceptance is complete as against the proposer, but not afterwards.Revocation of acceptance: An acceptance may…
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