Skip to main content

Today question

 Today question 

Define contract 

State the essential element of a valid contract?


The term contract is derived from Latin word contractum which means drawn together.a contract brings or draws the parties together and establishes legal relationship between them .an agreement which can be enforced through the cou9rts of law is called a contract .

Ok

Essential elements of a valid contract 


A .offer and acceptance 

There must be lawful offer by one party and lawful acceptance by another party .


B.intension to create legal relationship 

The parties must keep intention of legal relationship if there is no intention of legal relations otherwise such contract will become social  agreement only .

Case Balfour v/s Balfour 

C.lawful consideration 

An agreement must be supported by lawful consideration.consideration means something in return without lawful consideration any agreement is void .

Example a promise b for public services for 50 k 


D.capacity of parties 

The parties must be competant agreement made with a minor ,an unsound mind and disqualified by law is a void agreement this is not a valid agreement.


E.free consent 

For a valid contract the consent must be absolute free according section 14 .it means it will free from coercion ,undue influence,fraud , misrepresentation and mistake 


F lawful object

The object must be lawful if it is unlawful the contract will be void .


G .the meaning of contract is certain

The terms and conditions of a contract is certain.if meaning of contract is uncertain or ambiguous then contract is void .


H.the contract must not be declared void by law .it must not be fallen in section 26 to section 30.



2.explain different kinds of damages allowed for breach of contract 


There is breach of contract happened the injured or aggrieved party is entitled to claim damages under the contract damages can be  defined as a monetary compensation 

There four types of damages 

1.ordinary damages /general damages 

When there will breach of contract and aggrieved party must suffer from breach of contract then aggrevied party can take compensation from another party .damages must be direct not indirect .ordinary damages is difference between the contract and market price 


2.special damage 

These loss arise from some special and unusual circumstances.when the parties know about these damages at the time of contract.the other party must aware about the loss and damages .the knowledge of special of damage must be known by the parties at the time of contract .


3.vindictive or exemplary damages 

These damages are awarded with intention of punishing the defaulting party .the purpose of vindictive damage to prevent the parties from committing breach.these damages are awarded for breach of contract.in the case of breach of contract to marry or wrongful dishonour then vindictive damage will be awarded

4.nominial damages

Nominal damages are neither compensatory not punitive .the aggrevied party might not have suffered from any substantial loss from suffer of breach .nominal damages are given at the time contract when market price and contract price are same .

5.liquidated damage ---where the amount of compensation is fixed is fair and genuine for breach of contract this is liquidated damage


Penalty damages 

Where the amount of compensation is fixed is not fair and genuine for the breach of contract at the time of formation of contract .it is known as penalty of damages 


There are four types of damages 

1.ordinary da



Comments

Post a Comment

Popular posts from this blog

Conjunction part 1

     Grammar section topic no.1  Part no.1  Topic -----conjunction Part 1 जिस जगह सिंह विराजता है वो जगह सिंहासन बन जाती है जिस जगह सफलता विराजती हैं वो जगह इतिहास बन जाती है । A lunatic person always engraves  a golden history   1. unless/until इसका अर्थ होगा जबतक नहीं ।इनके बाद कभी भी not नहीं आयेगा और will नहीं आयेगा until का प्रयोग समय की शर्त के लिए होता हैं और unless का प्रयोग किसी भी शर्त के लिए होता है । Future indefinite+unless/until+present indefinite  Unless/until----जब तक नहीं  इसके बाद not/will नहीं आयेगा इसके पहले वाले वाक्य में will आयेगा। 1.i will beat you unless you obey me  2.he will cry unless you give him an ice cream Example 1.i will not comply with your orders unless you Grease my palm. मैं तुम्हारे आदेशों का पालन नहीं करूंगा जब तक तुम मेरी मुठ्ठी गर्म नहीं करोंगे  Comply with/abide by  2.he will not probe this cold blooded murder unless you order him sternly /strictly वह इस सोची समझी गई हत्या की जांच नहीं...
Post a Comment
Read more

Corner stone class no.2

    Topic---present continuous By adv.pankaj joshi इस काल में घटनाएं व‌र्तमान में घटित हो रही होती है Sub+is/am/are+V4+object V4----v1+ing----going,sleeping,eating, writing etc. यदि he,she,it,any singular कोई काम वर्तमान में कर रहा है तो is+v4 आयेगा यदि  you ,we ,they,any plural कोई काम वर्तमान में कर रहा है तो are+v4 आयेगा यदि I कोई काम वर्तमान में कर रहा है तो  am+V4 आयेगा  Sub+is/am/are+not+V4+oB ENGLISH   1.my choleric father is smoking Hubble bubble on cot in a commodious field. 2. Your diligent mother is grinding wheat with a quern in wee hours 3.my impish children are playing hide and seek game in searing sun 🌞. 4.my boozer neighbour is drinking like a fish 🐠 adjacent a sappy garden . 5.a  mendicant is grovelling before a rich person for two square meal a day . 6.a child labourer is work in a precarious industry for his bread and butter . 7.i am assaying of concrete proofs to send him gallows . 8.you are sacking him due to his laxity and ...
Post a Comment
Read more

Corner stone class no.1

      Topic no.1 ----tense no.1---present indefinite Sub+v1/v5+object ---affirmative sentence Sub+does not/do not+v1+object-----negative sentence  Explanation ---जब कर्ता he/she/it/any singular हो और वाक्य सकारात्मक हो तो v5  आयेगा   जब कर्ता he/she/it/any singular हो और वाक्य नकारात्मक हो तो  does not+v1आयेगा  1.He/she /it/any singular ---v5/does not+v1 V5---v1+es/s ********************** जब कर्ता I/you/we/they/any plural  हो और वाक्य सकारात्मक हो तो v1आयेगा और वाक्य नकारात्मक हो तो donot+v1 आयेगा । 2.you/we/they/I/any plural---v1/do not+v1 Simple sentences  1.an adroit doctor treats the patients in an expensive hospital. 2.the theist people worship in edifice temple. 3.a farmer/tiller reaps the crops with a sickle . 4.my neighbour sells spurious ghee to make a quick buck . 5.the people stroll in sappy garden in wee hours . 6.the children prank in jampacked class . 7. My friends toil from dawn to dusk to get the first rank /take the 🍰 ...
Post a Comment
Read more