CLAT Legal-Aptitude Contract Law Revision (Page 2 of 5)

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Mistake

Mistake means an erroneous belief about something. When it occurs, the contract becomes totally void. It may operate upon a contract in two ways.

It may defeat the consent altogether or it may mislead the parties as to the purpose… (37 more words) …

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Agreement

Section 2 (e) of Indian Contract Act, 1872 defines agreement as, “every promise and every set of promises forming the consideration for each other”.

An accepted proposal is called a promise. Now, we can conclude that a contract is… (237 more words) …

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Doctrine of Restitution

If the minor gets some property, he can restore it, provided the three points are kept in mind.

If a minor misrepresents his age and gets some property, he can be enforced to restore it but that should be traceable… (156 more words) …

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Capacity to Contract

Any major person having sound mind and having no disqualification from law as not to enter into contract can enter into contract. Hence minor persons, lunatic persons or those who are disqualified by any law from contracting are incompetent to… (1 more words) …

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Coercion

The person from whom consent was obtained by coercion has the option to declare the cpntract voidable. Consent is caused by coercion, when it is obtained by

  1. committing or threatening to commit any act forbidden by the Indian Penal Code,… (36 more words) …

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