Contract law basics india

Types of agreement in India
If the proposal prescribes a manner in which it is to be accepted, and the acceptance is not made in such manner, the proposer may, within a reasonable time after the acceptance is communicated to him, insist that his proposal shall be accepted in the prescribed manner, and not otherwise; but, if he fails to do so, he .
What are the basic principles of contract in India?
Every contract thus combines two essential elements(i)agreement and (ii)obligation.It creates rights and obligations between the parties to the contract which are correlative,in case a party refuses to honor a contacted obligation it will give right of action to other party..
What are the basics of contract law?
A contract is an agreement between parties, creating mutual obligations that are enforceable by law.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality..
What is the law of contract in India?
The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”.
In other words, we can say that a contract is anything that is an agreement and enforceable by the law of the land..
What is the law of contract in India?
The Indian Contract Act, 1872 prescribes the law relating to contracts in India and is the key act regulating Indian contract law.
The Act is based on the principles of English Common Law.
It is applicable to all the states of India..
The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”.
In other words, we can say that a contract is anything that is an agreement and enforceable by the law of the land.

Essential elements of a valid contract are as follows: (1) There must be an agreement. This involves two parties, one party making the offer and the other party accepting it. (2) The parties must intend to create legal relationship.

What is a general principle of Law of contract in India?

The Act is based on the principles of English Common Law

TheAct codifies the way we enter into a contract, execute a contract and implement provisions of a contract and effects of breach of a contract

General Principles of law of contract in India is provided under Sections 1 to 75 of the Indian Contract Act, 1872

When a contract is valid in India?

They will be valid only when they are supported by consideration

The Indian Law does not recognise formal contracts

If recognises only simple contracts which must be supported by consideration except in circumstances specifically laid down in the Act

BOOKS: (1) Mannual of M Law by Prof M C Shukla (2) Mercantile Law by N D Kapoor

Section 2(h)of the Indian Contract Act, 1872, defines the term contract as ‘An agreement which is enforceable by law is …

Mechanisms for establishing rules ensuring Net neutrality in India, are at present mainly enforced by the Telecom Regulatory Authority of India (TRAI).
At present, there are no specific legislation regarding Net Neutrality in India.

Contract law basics india

Types of agreement in India

What are the basic principles of contract in India?

What are the basics of contract law?

What is the law of contract in India?

What is the law of contract in India?

What is a general principle of Law of contract in India?

When a contract is valid in India?