Time and Place of performance
Time and Place of performance- The type of time and place of a performance can vary depending on the event. Generally, "time" refers to the schedule or moment the performance…
UNIT –III
Classification of contract
Classification of contract- Contracts can be classified in various ways based on different criteria. Here are some common classifications: 1. Classification Based on Formation Bilateral Contracts: Both parties make promises…
Essential elements of contract
Essential elements of contract- The essential elements of a contract are: Offer: One party makes a proposal to do something or refrain from doing something, which the other party can…
Meaning and Definition of Contract
Meaning and Definition of Contract- A contract is a legally binding agreement between two or more parties that establishes obligations, rights, and terms agreed upon by the parties. It is…
The Indian Contract Act, 1872
The Indian Contract Act, 1872- The Indian Contract Act, 1872 is a key legislation in Indian law that regulates contracts and agreements. It provides the legal framework for the formation,…