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Acceptance under Indian contract act 1872?
the acceptance is the assent given to a proposal and it has the effect of converting the proposal into promise!!!section2(b) of Indian contract Act defines Accptance as follows,''when the person to whom the proposal is made signifies his assent therto,the proposal is said to be accepted.Aproposal,when accepted,becomes a promise.''Essentials of a valid Acceptance,1) it suld b fobbiden by law
What are the case studies in Indian contract act 1872?
case study of spellman vs spellman under indian contract act 1872
What are the nature of contract?
The law of contract is that branch of law which determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties. Indian Contract Act, 1872 came into effect from 1 st September, 1872. It extends to the whole of India except the state of Jammu and Kashmir. CONTRACT [SECTION 2(h)]: A contract is "an agreement enforceable by law". Thus, CONTRACT = AGREEMENT (+) ENFORCEABILITY BY LAW "All contracts are agreements but all agreements are not contracts" AGREEMENT [SECTION 2(e)]: An agreement means, "Every promise or every set of promises, forming consideration for each other". AGREEMENT = PROMISE(S) BY ONE PARTY (+) PROMISE(S) BY THE OTHER PARTY PROMISE [SECTION 2(b)]: "When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal when accepted becomes a promise." PROMISE = PROPOSAL + ACCEPTANCE PROPOSAL/OFFER [SECTION 2(a)]: A person is said to make a proposal when "he signifies to another his willingness to do or to abstain from doing anything with a view to obtaining assent of that other to such act or abstinence" PROPOSAL = WILLINGNESS TO DO OR ABSTAIN FROM DOING (+) WILLINGNESS' TO OBTAIN ASSENT OF THE OTHER PARTY TO SUCH ACT OR ABSTINENC CONSIDERATION [SECTION 2(d)]: "When, at the desire of the promisor, the promise or any other person has done or abstained from doing, or does or abstains from doing or promises to do or to abstain from doing something, such cat or abstinence is called consideration". In other words, consideration is something in return.
In which chapter of Indian contract act 1872 partnership is given?
Chapter IX of Indian Contract Act, 1872. This chapter has been repealed. At present we have Indian Paetnership Act, 1932 as a separate Act.
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 is the history of Indian Contract Act 1872 From what is derived from?
See below link for information:
What has the author George Frederick Wales written?
George Frederick Wales has written: 'A proposal for abating the Blackstaff nuisance, submitted to the Sanitary Committee, on 24th October, 1872'
What is valid contarct?
A valid contract is an agreement enforceable by law. A Valid Contract is defined under Sec 2(h) of the Indian Contract Act, of 1872. To know the essential features of forming a valid contract, please refer to Desire 4 Legal Knowledge
When is The Indian contract act is a legislation dating from?
This legislation is referred to as the Indian Contract Act of 1872. It relates to laws regarding binding contracts in all states in India except Jammu and Kashmir
What has the author Asoka Chunder Dutt written?
Asoka Chunder Dutt has written: 'The Indian Contract Act (Act IX of 1872)'
What is Assumption Agreement?
Should be two person An agreement is composed of two elements - offer by party & acceptance by other party. {offeree & offeror}, when the offeree gives his assent to the offer, then he is "acceptor"Should be offer (proposal).Should be acceptance of offer.What is promise?According to section 2(b) of the Indian contract act, 1872 "a proposal when accepted, becomes a promise."Example:X offers to sell his car for Rs.100,000 to Y. Y accepts this offer. This offer after acceptance becomes promise and this promise is treated as an agreement between x and y.In other words, an agreement consists of an offers by on party an acceptance by the other. In the form of an equation, it can be shown as under.Agreement = Offer(proposal) + Acceptance of offer
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
