Posts by Faizan Ali

The agent has been defined under section 182 of the Contract Act 1 872 as follows: “An agent is a person employed to do an act for another or to…

What is Contract of guarantee? According to section 126 of The Contract Act, a contract of guarantee has been defined as follows: “A contract of guarantee is a contract to…

Contract of indemnity is a contract in which one party promise to pay the amount of loss causes by another. A contract of indemnity has been defined under section 124…

What is Revocation of Acceptance? According to section 5 of the Contract Act, an acceptance may be revoked at any time before its communication is as against the acceptor and…

The revocation of proposal means the cancellation of the proposal. When the proposal takes back his offer, the proposal is said to be revoked. According to section 5(a) of The…

What are the essentials of a valid offer or proposal? As we know that proposal (offer) is the starting point of a contract. When one wants to enter into a…

Proposal (offer) is the starting point of a contract. When one wants to enter into a contract, he makes someone proposal to another. Let's see in detail with example what…

As we know that the cancellation of proposal means the cancellation of the proposal. When the proposal takes back his offer, the proposal is said to be revoked. The following…

What is Breach of Contract? Breach of contract means the volition of the parties while performing the contract. When any one of the contracting parties fails to perform his part…

What is Discharge of Contract in business law? Discharge of contract means to get free from the obligation and rights created by law under a contract. When two parties enter…