Mercantile Law

A contract may be discharged in any of the following ways: By Performance: It is the natural mode of discharge of a contract, that is, by its performance. ...

The Tender. According to Section 38, when the performance becomes due and the promisor offers to perform his obligation however, the promisee refuses to accept ...

Doctrine of Supervening Impossibility. According to Para 2 of Section 56, which states that, "A contract to do an act which after the contract is made, becomes ...

The Persons who can Demand Performance of the contract are: Promisee: Only the promisee can demand 'the performance of the contract, and not a. third party. ...

According to Section 23 of the Indian Contract Act, the consideration and the object of an agreement are treated as unlawful in the following cases: If it is ...

Consideration is the price for which the promise of the other is bought, and the promise thus given for value is enforceable. According to Section 2(d) of the ...

The term undue influence refers to dominating the will of the other person to obtain an unfair advantage over the other. According to Section 16 (1) of the ...

Coercion mean forcibly compelling a person to enter into a contract, that is, the consent of the party is obtained by use of force or under a threat. According ...

Consent: The consent means an act of assenting to an offer. According to Section 13 of the Indian Contract Act, Two or more persons are said to consent when ...

According to Section 11 of the Indian Contract Act, 1872, Every person is competent to contract who is of the age of majority according to the law to which he ...

Cross Offer: Two offers which are similar in all respects made by to parties to each other, in ignorance of each others offer is termed as cross offers and ...

The offer comes to an end in the following ways: By lapse of stipulated or reasonable time: The offeree is required to accept the offer within the time ...

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