CLAT Legal-Aptitude Contract Law Revision (Page 3 of 5)

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Minor Person

A promise or an agrrement made by a minor is void.

No Estoppel against Minor

If a minor, while contracting misrepresents himself to be a major, also then no law of estoppels can apply against him because already the contract… (178 more words) …

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Acceptance

Section 2 (b) of Indian Contract Act, 1872 defines ‘acceptance’ as, “When the person to whom the proposal is made signifies his assent thereof, the proposal is said to be accepted. A proposal, when accepted, becomes a promise”. The person… (287 more words) …

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Misrepresentation

Misrepresentation is when a person makes a false statement not to deceive the other party but because he himself believes that statement to be true. The person who consent is so caused can treat the contract to be voidable.

Example… (35 more words) …

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Fraud

A fraud is any act committed by a person, his acquaintance, or his agent with an intention to deceive or endorse the opposite party to enter into contract, which he might have as such not entered into. The agreement is… (192 more words) …

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Contract

Thus, for the formation of a contract there must be

A contract is a legally enforceable agreement between two or more parties with mutual obligations. The Indian Contract Act 1872, Section 2 (h) defines the term ‘Contract’ as, ‘an agreement… (14 more words) …

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