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Waiver is abndonment of performance and is laid down in Sec. 63 of the Contract Act. This is an unilateral act of the promisee, so no fresh agreement is not required. Example: A was to supply 100 bags of rice of a perticular quality B. B later on came to know that A will suffer heavy loss, if he performs the obligation, B may chose not to insist on performance and discharge A from the obligations of the contract.
What else can I help you with?
Does the NFL waiver wire system only apply to the regular season?
it applies any time a player is cut under contract.
What is Waiver clause?
A waiver clause is a provision in a contract that allows one party to give up their right to enforce a particular term or condition in the agreement. This clause typically states that failure to exercise a right or remedy does not constitute a waiver of that right or remedy in the future. Waiver clauses help protect parties' rights under a contract by ensuring that one party's failure to enforce a term does not automatically mean they have given up that right.
Exeptions to the doctrine of privity?
Some exceptions to the doctrine of privity of contract include the assignment of contractual rights, beneficiaries under a trust, and collateral warranties provided by third parties. These exceptions allow non-parties to a contract to enforce or benefit from the terms of the contract.
A minor and his legal position under Indian contract act?
agreement made by minor is void-ab-initio minor can't be declared insolvent rule of estoppel is not applicable on minor minor can be promisee or a beneficiary doctrine of restitution is not applicable on minor
What are the case studies in Indian contract act 1872?
case study of spellman vs spellman under indian contract act 1872
Was Mary's release legal under the doctrine of employment at will?
Her release was legal if her employment was at will. Each side can quit or be fired in an at will state or contract of employment.
Can the Administrative Contracting Officer waive CAS applicability for a perticular contract?
Yes, the Administrative Contracting Officer (ACO) can waive the applicability of the Cost Accounting Standards (CAS) for a particular contract under certain circumstances. This typically occurs when the contract falls below the CAS thresholds or if the ACO determines that a waiver is in the government's best interest. However, such waivers must comply with relevant regulations and guidelines. It is essential to document the rationale for the waiver to ensure transparency and accountability.
Is collision damage waiver the same as under insured motorist protection?
CDW/LDW is a waiver, the rental car companies agrees not to go after the renter for any damages to the rental car (regardless of fault) if you purchase the waiver for a daily fee. As long as the renter does not violate the contract. If someone else is at fault they will then go after that person. It only covers the rental car, nothing else is covered
Can a customer sue a contractor working under a waiver?
NO.
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.
What is the difference between quasi-contracts and implied-in-fact contracts?
A quasi-contract is not actually a contract but is instead a remedy. Also known as an implied-in-law contract, it is recognized in order to do justice under contract law, such as wherein the doctrine of promissory estoppel is applied.An implied-in-fact contract is a contract deemed to exist between parties whose conduct tacitly recognizes the existence of a contract between them.
What is the basic doctrine of fairness under bankruptcy provisions?
This means that claims must be organized in the order of legal priority and when the contract was made. This sets an order for the repayment plan on claims.
