Introduction: Section 2 (b) of the Indian Contract Act, 1872 characterizes acceptance in these words: When one individual to whom the suggestion is made means his assent thereto, the recommendation should be recognized. An idea when perceived changes into an affirmation. In the declarations of Sir William Anson, Acceptance is to offer what a litRead More
What are Swap contracts? In the year 1982, Swap Contracts were introduced when the World Bank and IBM entered into an agreement. Swap contracts are one of the four types of financial derivative contracts, where two counter-parties exchange the cash flow of one party for those of the other party’s cash flow for a fixedRead More
Case Number: CA 1903 Equivalent Citation: [1903] 1 K.B. 81 Bench: Collins, M.R. and Methew, J. Decided on: 19 November 1902 Relevant Act: The Partnership Act 1890 Brief Facts and Procedural History: In this case the defendant company is a partnership company with two partners, Mr Houston and Mr Strong, who represented the company. MrRead More
What is an Agency? A contract of agency is the establishment of a legal relationship between two persons in which the principal employs the agent to act on his behalf. In such a contract, the principal is bound by the acts of the agent in a way similar to the way he would be boundRead More
Introduction Section 148 of the Indian Contract Act, 1872 defines the term Bailment, that upon a contract when one person delivers goods to another for some purpose and when the motive is achieved. That bail was either returned or else disposed of according to the directions discussed earlier in the contract of the person deliveringRead More
The present article is written by Priyanka Choudhary, currently pursuing BALLB from Mody University of Science and Technology, Lakshmangarh, Rajasthan. INTRODUCTION As per Section 6 of the Indian Contract Act, 1972 a “Contract of Guarantee” may be a sort of a contract that deals with the performance of the promise, or discharge of the liabilityRead More
This article is written by Shaheera Almas Sultana, pursuing BA LLB in NBM LAW COLLEGE, Vizag. What is the Meaning of Pledge? The word Pledge is defined as the goods being bailed in the form of security for payment of a debt or performance of a promise. The definition of pledge seems similar to the definitionRead More
Vanshika Arora is a first-year B.A.LLB student at Army Institute of Law, Mohali. This article is a birds-eye view of the validity of e-contracts under Indian law the umpteen challenges faced in an e-contract transaction. INTRODUCTION At the outset, through the advancement of technology, especially the internet, business transactions have taken a big leap andRead More
This article is authored by Sujata Porwal, third year BA LLB (Hons.) student at Symbiosis Law School, Pune. The article presents a critical analysis of ‘Acceptance under Indian Contract Act, 1872’. INTRODUCTION Acceptance has acquired a varied meaning under the Indian Contract Act, 1872 as compared to the common understanding of the term. Defined inRead More
This article is written by Akhilandeswari Bonam, a student of Sri Padmavati Mahila Visvavidyalayam, Tirupati. INTRODUCTION Material Alteration is a party to the negotiable instrument. Material alteration can change the character of the instrument or the rights and obligations of the parties. An original instrument can be called an altered instrument after it is altered.Read More
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