Insurance

When in a contract of sale, the exchange of goods for money consideration takes place immediately, it is known as Sale. Example: ‘X’ sold 10…

Minor’s Agreement A Person under the age of eighteen years is called a Minor. An infant or a minor is a person who is not…

Distinguish between Void Agreement and Voidable Contract Void agreements are those agreements which are not enforced by law courts. Legally, a void agreement means the…

Executory Contract Executory Contract is the contract stipulates that both sides still have duties to perform before it becomes fully executed. When you enter into…

Indemnity and Guarantee in Contract A contract where one party promises to save the other from any loss caused to him by the conduct of…

Difference between Agreement and Contract An agreement is any understanding or arrangement reached between two or more parties. When a proposal is accepted by the…

Counter Offer Counter Offer was given in response to an offer. It is a proposal that is made as a result of an undesirable offer.…

A contract is an agreement enforceable by law – In our regular day to day life, we make several comments and statements. We say several…

Past Consideration is no consideration – Consideration is the foundation of every contract. The law enforces only those promises which are made for consideration. Where…

Important Remedies for Breach of Contract A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding contract.…