Indian Contract Act, 1872

All illegal Agreements are void, but all void Agreements are not illegal

All illegal Agreements are void, but all void Agreements are not illegal?

True. Void Agreement. According to Section 2(g) of the Indian Contract Act, “An agreement not enforceable by law s said to be void.” Such an agreement is without any legal effect ab initio (from the very beginning). Under the law, an agreement with, say, a minor void. Similarly, an agreement of restraint of trade or …

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Discuss the Position of a Finder of Lost Goods and Rights of the Finder of Lost Goods?

Position of a Finder of Lost Goods Sometimes, a person finds certain goods, belonging to some other person. In such cases, the goods do not become the property of the finder. The law imposes certain obligations on the finder of the goods. It becomes his duty to keep the goods with care and take proper …

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What do you understand by Bailment? Explain the duties of a bailee?

  Bailment [Section 148] A ‘bailment is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed off according to the direction of the person delivering them. The person delivering the goods is called the ‘bailor. The …

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In Commercial and Business Agreements the Assumption is that the Parties Proposed to Make Legitimate Obligations

In Commercial and Business Agreements the Assumption is that the Parties Proposed to Make Legitimate Obligations?

Agreement. Deliberate to make lawful relations “An agreement enforceable by law could be a contract.” This definition is given by Segment 2(h) of the Contract Act. This definition involves two particular elements: Agreement Enforceable by law, i.e., the commitment of the parties. 1.The primary component, i.e., ‘agreement’ could be a much wider term and does …

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What is Undue Influence How does it Different from Coercion

What is ‘Undue Influence? How does it Differ from ‘Coercion’?

Undue influence. Undue influence is the disgraceful utilize of any control had over theintellect of the contracting party. It makes mental or ethical weight on the other party. Section 16(1) of the Indian Contract Act, 1872 defines undue impact as “a contract is said to be initiated by undue impact where the relations subsisting between …

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