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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…

What is Void Contract? An agreement which is not enforceable by law is said to void. These are the agreements which do not create a legal relationship in between the…

What is Voidable Contract? An agreement which is enforceable by law at the option of one or more of the parties there to, but not at the by an option…

What is the Wagering Contract? An agreement between two parties to the effect that if given uncertain event in determined in one way. One of them will pay a certain…

A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for the price known as contract…