September 2025

Define and distinguish between ‘condition’ and ‘warranty’.

Define and Distinguish Between ‘Condition’ and ‘Warranty’ Introduction In business and trade, especially in the sale of goods, certain terms are agreed upon between the buyer and seller. These terms can be classified as either “conditions” or “warranties.” Understanding the difference between these two is important because they define the rights and responsibilities of both […]

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“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any.

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“An Agreement in Restraint of Trade is Void” – Examine This Statement with Exceptions Introduction The Indian Contract Act, 1872 emphasizes the freedom of trade and profession. To protect this freedom, the Act declares any agreement that restrains a person from carrying on lawful trade or profession as void. This ensures that every individual has

“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any. Read More »

Discuss the essentials of a contract of bailment and state the rights and duties of a bailee.

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Discuss the Essentials of a Contract of Bailment and State the Rights and Duties of a Bailee Introduction A contract of bailment is a special kind of contract in which one person delivers goods to another for a specific purpose, under the condition that the goods will be returned or disposed of according to instructions.

Discuss the essentials of a contract of bailment and state the rights and duties of a bailee. Read More »

What are the rules regarding settlement of accounts of a firm after dissolution? Explain fully.

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What are the Rules Regarding Settlement of Accounts of a Firm After Dissolution? Explain Fully Introduction When a partnership firm is dissolved, it means that the business comes to an end, and all business operations are stopped. The next important step is to settle the accounts of the firm, which includes payment of debts, distribution

What are the rules regarding settlement of accounts of a firm after dissolution? Explain fully. Read More »

Explain the law related to ambiguous and inchoate instruments.

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Explain the Law Related to Ambiguous and Inchoate Instruments Introduction The Negotiable Instruments Act, 1881 governs the use of financial documents like cheques, promissory notes, and bills of exchange in India. Among the many legal concepts under this law, the terms “ambiguous instruments” and “inchoate instruments” are important. These instruments refer to documents that are

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“Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful and real consideration.” Comment.

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“Insufficiency of Consideration is Immaterial, but a Valid Contract Must be Supported by Lawful and Real Consideration.” Comment Introduction In contract law, consideration is one of the essential elements required to form a valid contract. It refers to something of value exchanged between the parties. The Indian Contract Act, 1872 emphasizes that although the consideration

“Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful and real consideration.” Comment. Read More »

Who are treated as persons of unsound mind? State the legal positions of contracts with such persons.

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Who are Treated as Persons of Unsound Mind? State the Legal Positions of Contracts with Such Persons Introduction Under the Indian Contract Act, 1872, a valid contract must be entered into by persons who are competent to contract. One of the conditions for competency is that the person must be of sound mind at the

Who are treated as persons of unsound mind? State the legal positions of contracts with such persons. Read More »

Define and distinguish between ‘condition’ and ‘warranty’.

“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any.

Discuss the essentials of a contract of bailment and state the rights and duties of a bailee.

What are the rules regarding settlement of accounts of a firm after dissolution? Explain fully.

Explain the law related to ambiguous and inchoate instruments.

“Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful and real consideration.” Comment.

Who are treated as persons of unsound mind? State the legal positions of contracts with such persons.

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