Insurance

Lapse of offer happens when an offer expires or terminates and ceases to exist. For example, Death of the offeree causes an offer to lapse,…

Rules regarding Consideration Consideration in contract law is simply the exchange of one thing of value for another. Without consideration, a contract cannot be enforced…

A voidable agreement is a formal agreement between two parties that may be rendered, unenforceable for a number of legal reasons. Reasons that can make…

Void agreements are those agreements which are not enforced by law courts. Section 2(g) of the Indian Contract Act defines a void agreement as, “an…

Offer and acceptance analysis is a traditional approach in contract law used to determine whether an agreement exists between two parties. An offer is an…

All agreements are not contracts but all contracts are agreement – A contract is a legally binding agreement or relationship that exists between two or…

Contingent Contract Basing on the presence or absence of Condition’s, Contracts can be classified into two groups namely; Absolute Contracts and Contingent Contracts. In the…

An offer may be communicated to the offeree or offerees by word of mouth, by writing or by conduct. A Written offer may be contained…

What effect does the outbreak of war between nations have upon contracts between citizens of such nations? Here is a question which merchants and manufacturers…

Indemnity and Guarantee are a type of contingent contracts, which are governed by Contract Law. These are a common way in which creditors protect themselves…