From the point of view of mode of creation a contract may be express or implied or constructive. 1. Express contract. Where both the offer…

The term ‘constructive or quasi contract is a misnomer, the cases grouped under this type of contracts have little or affinity with contract. Such a…

When a large number of contracts have got to be entered into by a person, from a practical point of view and for the sake…

The law of contract in India is contained in the Indian Contract Act 1872. This Act is based mainly on English common law, which is…

The Indian statutes on mercantile law English/ Foreign law Precedents(previous judgments of the courts.) Customs and usage Most of the Indian Mercantile Law is contained…

According to section 2(h) of the Indian Contract Act: “ An agreement enforceable by law is a contract.” A contract therefore, is an agreement the…

As per section 2 (e): “ Every promise and every set of promises, forming the consideration for each other, is an agreement.” Thus it is…

As stated above, an agreement to become a contract must give rise to a legal obligation i.e., a duty enforceable by law. If an agreement…

A contract has been defined in section 2(h) as “an agreement enforceable by law.” To be enforceable by law, an agreement must possess the essential…

There must a ‘lawful offer’ and a ‘lawful acceptance’ of the offer, thus resulting in an agreement. The adjective ‘lawful’ implies that the offer and…