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Contract Act

Duties and Obligations of an Agent

Duties and Obligations of an Agent : Following are the duties of an agent: (i) Duty in conducting principal’s business: The agent should conduct the business of the principal as per […]

What is Agency?

What is Agency? : The Indian Contract Act,1872 does not define the word ‘Agency’. However the word ‘Agent’ is defined as “a person employed to do any act for another or […]

General Lien and Particular Lien

General Lien and Particular Lien : A general lien is the right to retain the property of another for a general balance of account. In contract the particular lien is the […]

Liability for Damages

Liability for Damages : The liability to pay damages is of four kinds. They are: (i) liability for special damages (ii) liability for exemplary damages (iii) liability to pay nominal […]

Contract, Which Need not be Performed

Contract, Which Need not be Performed : A contract would not require performance under circumstances spelt out in Sections 62 to 67 of the Act. These circumstances are (i) novation, (ii) […]

Appropriation of Payments

Appropriation of Payments : Where a person [Debtor] owes a number of debts to another person [Creditor], and when he releases certain payments, then the question arises as to how to […]

Performance of Reciprocal Promise

Performance of Reciprocal Promise : The law relating to reciprocal promise as set out in Sections 51 to 54 of the Indian Contract Act,1872. General observation: A contract may consist of […]

Agreement Expressly Declared as Void

Agreement Expressly Declared as Void : We have already seen that certain agreements are void ab initio under the Contract Act, like agreements by incompetent persons [Section 11], agreement with unlawful […]