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contract act 1872

Contract of Guarantee

Contract of Guarantee: A contract of guarantee is a contract to perform the promise or discharge the liability, of a third person in case of his default. The person who gives the guarantee is called the “Surety”. The person in respect of…

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 of contract also e.g., offer to perform the promise. These are scattered…

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 majority according to the law to which he is subject and who is of sound mind, and is not disqualified…

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 believe it to be true and the active concealment of a fact by one having knowledge or belief of fact.…