Mistake. One of the basic components of a substantial contract is the ‘free consent of the parties to it. The parties are said to be having or giving free consent to a contract when they concur upon the same thing within the same sense at the same time. This implies the parties to the contract …
Law Relating to Mistakes could be a Comedy of Mistakes Read More »
Section 17 of the Indian Contract Act, 1872 characterizes extortion as any act committed by a party to a contract with an expectation to betray another party there to or to actuate him to enter into the contract. Fraud implies and incorporates any of the taking after acts committed by a party to a contract …
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 …
What is ‘Undue Influence? How does it Differ from ‘Coercion’? Read More »
