Posts by Faizan Ali

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…

Every contract is a valid contract unless it is not voidable, void or unenforceable by law. Are you up for looking what is valid contract and what are the essentials…

Generally, a contract is made with an offer and its acceptance. But there are some cases where the law imposed the obligations of a contract without the mutual consent of…

What is contingent contract in business law? A contingent contract has been defined under section 31 as follows: “A contingent contract is a contract to do something if some event…