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Basic Principles of Indian Contract Law
A contract is essential for any business transaction, ensuring that both parties to the contract abide by the commonly established terms and conditions. Entering an agreement or transaction without a...
View ArticleRaising Capital: The Concept of Company Prospectus
Raising capital for a company is a pivotal task. A public company may raise its funds by inviting deposits by the issuance of prospectus or offering its share to the general public. Raising Capital:...
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Contract Business law: Validity of Contracts by Minors
A contract is an agreement by two or more parties that is enforceable by law. All contracts are agreements but all agreements are not contracts. A contract should have few essential elements to be...
View ArticleContract Act: Contract of Indemnity and Contract of Guarantee
We enter into various contracts so that we can carry on with our day to day activities. It is almost impossible to run a company or get a credit card without entering into some kind of a contract. In...
View ArticleSale of Goods: What is Sale of Goods Contract?
As per Section 4(1) of the Indian Sale of Goods Act, 1930, the contract of sale of goods is defined as, “A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the...
View ArticleIndian Law: What is the Mirror Image Rule?
According to Indian law, a contract comes into existence only when the acceptance is a mirror image of the offeror’s exact offer. Indian laws provides for ‘the mirror image rule’ that states, an offer...
View ArticleCyber Law: Place of Formation of Contract
The immense reach of cyber space has made it difficult to define the jurisdiction of cyber laws. The dispute caused by the breach of a contract, falls under the purview of the legislation of the place...
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