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INTRODUCTION According to Section 2(h) of the Indian Contract Act, 1872, a contract is an agreement which is enforceable by law. When a party makes an offer and the other party assents to the offer, an agreement arises and which can be enforceable by law. To make an agreement enforceable by law, some essentials have […]
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In a recent judgement, Delhi High Court held that Doctrine of Frustration u/s 56 of Indian Contract Act is not applicable on Lease Agreements. The High Court judgement in the case Ramanand vs Dr Gireesh Soni is based on the precedent laid down by the Hon’ble Supreme Court in various cases, in which SC held […]
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Novation means substitution of an existing contract with a new one. A contract may be terminated by mutual agreement between the parties. When a new contract replaces the existing one by agreement between the parties, the already existing contract is thereby discharged. Thus, it is also a method of discharge of contract. Once the existing […]
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Coercion means forcing a person to enter into a contract. Under Sec. 15 of the Indian Contract Act, 1872, any of the following act will amount to coercion: Committing an act forbidden by the IPC Threatening to commit an act forbidden by IPC Unlawful detaining of property of a person Threatening to detain the property […]
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