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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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 […]
Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Communication 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. In this article, we shall discuss the communication of acceptance. Section 2(h) of the Indian Contract […]
Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Revocation of Offer A proposal is main ingredient of a valid contract. The term “proposal” of the Indian Contract Act is synonymous to the term “Offer” in English law. Section 2(a)of the Indian Contract Act, 1872 defines proposal as “when one person signifies […]
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Proposal or Offer
Law > Civil Laws > Indian Contract Act, 1872 > Proposal or Offer In contract proposal and acceptance of proposal are important ingredient. In this article, we shall discuss proposal in details. Section 2(h) of the Indian Contract Act , 1872, defines the term ‘Contract’ as “An agreement enforceable by law is a contract.” Section […]
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Understanding A Contract
Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Understanding A Contract Building Blocks of Contract: First Ingredient: An Offer Just information is not an offer: An offer to do or not to do something must be made for the purpose of being agreed to. If agreement from another party is not […]
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 […]