Enforceability of Contracts
1. Void Contracts: A ‘void contract’ is one where the whole transaction is regar…
2. Agreement, Contract and Proposal
Agreement definition
Agreement is defined as “every promise and every set of promises forming the consideration for each other”. A… Proposal Or Offer
Promises, express and implied
In so far as the proposal or acceptance of any promise is made in words, the promise is said to be express. In so far as … Intention to Contract
There is no provision in the Indian Contract Act requiring that an offer or its acceptance should be made with the intention of creating a legal relationship. Bu… General Offers
Acceptance by performing conditions, or receiving consideration
Performance of the conditions of a proposal, or the acceptance o… Offer and Invitation to Treat
An offer should be distinguished from an invitation to receive offers. When a man advertises that he has got a stock of books to sell, or houses to let, there is … Acceptance – Section 2
Introduction of Acceptance – Sec. 2
When the person to whom the proposal is made signifies his assent thereto, the proposal is s… Revocation of Acceptance
Section 5: Revocation of proposals and acceptances
A proposal may be revoked at any time before the communication of its acceptance is complete as a… Consideration
Section 25 of the Indian Contract Act, 1872 starts with a declaration that “an agreement made without consideration is void”. Consideration is a price o… 