Tag «indian contract act»

Foreign Aid – Notes

foreign-aid

  Foreign aid is economic technical or military aid by one Nation to another for the purpose of Relief and rehabilitation for economic stabilization or for mutual defense. Foreign aid term refers to transfer or resources for e.g loan, grants or technical assistance from rich to poor countries or from international institutions, international agencies like …

Transfer of Property Act – Notes

transfer-of-property-act

This case is based on Section 135 and section 13 of the Transfer of Property Act. Section thirteen underneath Transfer of property Act 1882 – Transfer for good thing about the unknown person. Where, on a transfer of property, an interest therein is created for the benefit of a person not in existence at the …

Federalism – Notes

federalism-notes

  Federalism is derived from the Latin word which means treaty. In a federal constitution, there is a division of power between the federal and the state government and both are independent in their own spheres. The power in a federal system is divided as well as concentrated at some time. According to Article 1(1) …

Remedies For Breach Of Contract – Notes

REMEDIES-FOR-THE-BREACH-OF-CONTRACT

Remedy means a course of action available to an aggrieved party when other party breaches the contract. Remedies for breach of contract: Rescission of contract Suit for damage Suit for specific performance Suit for injunction Quantum merit Recission Of Contract – Section 39 It means right to party to cannot contract. In case of breach …

Types Of Contracts in India

types-of-contracts

There are four types of contracts:- On the basis of creation On the basis of validity On the basis of execution On the basis of liability   CONTRACTS ON THE BASIS OF CREATION Express contract:- A contract made by the word spoken or written. According to Sec. 9 in so far as the proposal or …

Indian Contract Act, 1872

indian-contract-act

Introduction to Indian Contract Act The law relating to contracts in India is contained in the Indian Contract Act, 1872. The Act was passed by British India and is based on the principles of English common law. It is applicable to all the states of India except the state of Jammu & Kashmir. It determines …