17. “Fraud” defined. “Fraud” means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agents, with intent to deceive another party thereto his agent, or to induce him to enter into the contract- (1) the suggestion as aKEEP READING
This law note tells you about fraud as per section 17 of the Indian Contract Act, 1872, with its essentials, exceptions, and more.KEEP READING
Quasi contract is a pseudo-contract. Quasi contract is not a full-fledged contract because there is no offer and acceptance by the parties.KEEP READING
This law note tells you the important rights and duties of an agent in the contract of agency as per the Indian Contract Act.KEEP READING
The essentials of a valid consideration are derived from the definition of ‘consideration’ given under section 2(d) of the Indian Contract Act, 1872.KEEP READING
Section 124 of the Indian Contract Act defines the contract of indemnity. Learn what this is and the rights of the indemnity holder.KEEP READING
In this law note, you will learn about the concept of consideration and its kinds as per the Indian Contract Act, 1872.KEEP READING
Learn about section 56 para 2 of the Indian Contract Act, which provides for the Doctrine of Frustration or Doctrine of Impossibility.KEEP READING
Section 126 of the Indian Contract Act deals with the contract of guarantee. Learn more to properly understand this topic.KEEP READING
This Indian Contract Act law note tells you which person is competent to contract and who are incompetent to contract as per the law.KEEP READING
Section 2(a) of the Indian Contract Act, 1872 defines proposal. When this proposal or offer is accepted by offeree, it becomes a promise.KEEP READING
15. “Coercion” defined. “Coercion” is the committing, or threatening to commit, any act forbidden by the Indian Penal Code or the unlawful detaining, or threatening to detain, any property, to the prejudice of any person whatever, with the intention of causing any person to enter into an agreement. Explanation- ItKEEP READING
16. “Undue influence” defined. (1) A contract is said to be induced by “under influence” where the relations subsisting between the parties are such that one of the parties is in a position to dominate the will of the other and uses that position to obtain an unfair advantage overKEEP READING
18. “Misrepresentation” defined. “Misrepresentation” means and includes – (1) the positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true; (2) any breach of duty which, without an intent to deceive, gainsKEEP READING
14. “Free consent” defined. Consent is said to be free when it is not caused by- (1) coercion, as defined in section 15, or (2) undue influence, as defined in section 16, or (3) fraud, as defined in section 17, or (4) misrepresentation, as defined in section 18, or (5)KEEP READING
As per section 10 of the Indian Contract Act, free consent of all the parties to a contract is one of the essential elements of a valid contract.KEEP READING
