This is a landmark case that deals with the interpretation of implied terms in a contract.

This is a landmark case on the validity of a contract in case of mistake of facts. According to Section 20 of the Indian Contract Act, the mistake has to be….

Contingent contracts are contracts to do or not to do something, if some collateral event to such contract does or does not happen.

Privity of contract means that only parties to a contract can sue each other. A third party or a stranger to the contract, cannot sue the parties for breach of contract.

Section 7 of the Indian Contract Act states that the acceptance of an offer must be absolute, unqualified and expressed in some usual and reasonable manner.

Persons below the age of majority (a minor) are not competent to enter into a contract. The contracts entered into by them are void ab initio (void from the very beginning).