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Indian Contract Act

Revocation of Acceptance (Ss. 3 and 5)

Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Revocation of Acceptance In contract proposal and acceptance of proposal are important ingredient. In last few articles, we have discussed, proposal, types of proposal, revocation of proposal and acceptance. In this article, we shall discuss revocation of acceptance in details. Section 3: Communication, […]

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Indian Contract Act

Termination of Offer

Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Termination of Offer The party who makes the offer is known as the offeror, and the party who accepts the offer is known as the offeree. Termination of offer is where the offer is terminated before the other side(offeree) has the opportunity to […]

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Indian Contract Act

Valid Agreement

Law > Civil Laws > Indian Contract Act, 1872 > Valid Agreement A contract is an agreement which is enforceable by law. Hence we use word contract it satisfies all legal requirement. Hence the word “Void contract” is wrong. It should be “void agreement”. Thus contracts can only be valid or voidable. The term “proposal” […]

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Indian Contract Act

The Indian Contract Act – 1872: Introduction

Law > Civil Laws > Indian Contract Act, 1872 > Introduction Prior to the Indian Contract Act, English law of the contract was followed in India. The extent of modifications made in the Act as per the Indian conditions and its adaptability to the Indian economy. Before the act was enacted , the contractual relationship […]