Surety is Discharged under Contract Act

Discharge of surety by variance in terms of contract Any variance, made without the surety’s consent, in the terms of the contract between t...

Different Modes of Delivery

1. Introduction Delivery means voluntary transfer of possession from one person to another person. Under Sale of Goods Act, person, between ...

Continuing Guarantee and it’s Revocation

1. Introduction Literally guarantee means a formal promise or assurance that certain conditions will be fulfilled. As assurance that certain...

Remedies against Breach of Contract

1. Introduction Basic philosophy, which works behind a contract, is based on a Latin phrase, and this phrase states that agreement must be k...

Bailment, Rights and Duties of Bailor and Bailee

1. Introduction Bailment is a concept of common law. Under Common law, bailment is the process of placing personal property or goods in the ...

Mistake and it’s Kinds

1. Introduction It is not only fraud, misrepresentation, coercion and under influence, which make a contract void or voidable, but validity ...

Various ways Discharge of Contract

1. Introduction Discharge of contract means termination of the contractual relationship between parties. When rights and obligations under a...

Novation and Contingent Contract

1. Introduction The beauty of contract law is that it is very flexible. For example, contract law, on the one hand, decides which contracts ...

Contract and it’s Valid Essentials

1. Introduction Basic philosophy, which works behind a contract, is based on a Latin phrase, and this phrase states that agreement must be k...

Proposals and Acceptance and its Revocation

1. Introduction An important essential of a contract is that parties to the contract should have reached agreement. Generally speaking, an a...

Contract of guarantee under contract act

Contract of guarantee, surety, principal debtor and creditor A “contract of guarantee” is a contract of perform the promise or discharge the...