Explain Privity of contract with exception with the suitable act, case law, example according to Indian contract act 1872 Introduction: Privity of contract refers to the principle that only the parties to a contract have rights and obligations under the contract. In other words, only those who are parties to a contract can sue or […]
Explain Consideration and it’s essential with the suitable act, case law, example according to Indian contract act 1872 Introduction Consideration is an essential element in a contract, which refers to something of value exchanged between the parties to the contract. In Latin term “Quid pro quo” means Something in Return. Consideration is a crucial aspect […]
A Detail History of Contract and Distinguish From Agreement HISTORY AND NATURE OF CONTRACT ACT LAW: A Body of rules of conduct of binding legal force and effect, laid down, recognized, and Implemented by controlling authority. Controlling authority: Appropriate government means center or state government. Government: Govt. can be defined as the institution or institutions […]