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What are the case studies in Indian contract act 1872?
case study of spellman vs spellman under indian contract act 1872
Should a company be liable if an unauthorized employee signed a contract under the company?
No , if an employee has committed fraud and signed a contract under the company knowingly unauthorized then the company may not held liable.
What is free consent according to Indian Contract Act 1872?
Free consent, as defined by the Indian Contract Act of 1872, refers to the agreement between parties that is made voluntarily and without any coercion, undue influence, fraud, misrepresentation, or mistake. For consent to be considered free, both parties must fully understand the terms of the contract and agree to them without external pressures. If consent is obtained through any of the aforementioned factors, it may render the contract voidable at the option of the aggrieved party. Thus, free consent is essential for the validity of a contract under Indian law.
What factors contribute to making a contract voidable?
A contract may be voidable if it is entered into under duress, fraud, misrepresentation, or if one party lacks the capacity to understand the terms. These factors can make the contract legally unenforceable.
What defenses can be raised against the enforceability of an otherwise valid contract?
Accepted defenses to the enforcements of contract are dependent on jurisdiction and applicable international laws-conventions. Common defenses in the United States include the Statutes of Fraud and Limitations.
What is the penal provision for fraud under Indian penal code?
As far as I know there are two sections in IPC for fraud i.e 420 and 419 under which a imprisonment could last upto 7 years. This is for a normal fraud, if you talk about cyber fraud then most of the accused are awarded following sections:420467468471IT act 65 and 66I know only this
Explain provisions of unilateral mistake under Indian contract act?
Unilateral mistakes are said to occur when only one party is at mistake regarding the essential facts of a contract.
How do you legally get out of a finance contract?
Depends on the state you made the purchase in. In California, for instance, there is NO COOLING OFF period, meaning that once you sign the finance agreement, you are stuck. Unless there is fraud on the part of the origianator of the contract, you are likely under full recourse.
Would fraud come under civil law?
Fraud is a criminal act.
Rules for minor under Indian contract act 1872?
according to INDIAN LAW minor is the person who did not attain the age of 18. he did not undarstand what is right and what is wrong for him. no one can sue case against him
When acceptance of offer complete?
Generally an offer is accepted when acceptance is communicated to the offeror. This is covered under the section 8 of the INDIAN CONTRACT ACT.
What makes a contract invalid?
A contract can be vitiated if there are any illegalities within it, if it is unsigned, if there are any errors, if it has been signed under duress or is misrepresentative in any way,shape or form.
