Tuesday, June 27, 2017

Contract of Indemnity

Contract of Indemnity: Section 124 of Contract Act 1872 states that “A contract by which one party promises to save the other from loss caused...

Essentials of Valid Contract

ESSENTIAL OF VALID CONTACT: Following are the elements which are essential for valid contract.Section 10 of the contract act states that “all agreements are contracts...

Duress or Coercion in Contract

Definition:Section 15 of the Contract act, defines Coercion as“Coercion is committing or threatening to commit any act forbidden by Pakistan Penal Code or...

Remedies for Breach of Contract

Remedies for breach of contract:Section 73 of the contract Act deals with the consequences of a breach of contract and on the basis of...

Discharge of Contract by Frustration

Introduction:The second para of section 56 Contract Act 1872 states that “A contract to do an act which after the contract is made becomes...

Discharge of Contract by Performance

Discharge of contact.A contract creates an obligation which continues till the contract has been discharged by actual performance. There are other modes of discharge...

Competency of Parties to Contract

Competency of parties to contract:S.11 of the Contract Act provides that “every person is a competent to contract who is of the age of...

Agreement without Consideration is Void

An agreement without Consideration is void:Consideration is the most essential element for the validity of an agreement. An agreement without consideration is void unless...

Fraud in Contract

Fraud in Contract Fraud Fraud means and include, inter alia, the suggestion as a fact of that which is not true, by one who does not...

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