3. Communication, acceptance and revocation of proposals. The communication of proposals, the acceptance of proposals, and the revocation of proposals and acceptance, respectively, are deemed to be made by any act or omission of the party proposing, accepting or revoking, by which he intends to communicated such proposal, acceptance orRead…
4. Communication when complete. The communication of a proposal is complete when it becomes to the knowledge of the person to whom it is made. The communication of an acceptance is complete- as against the proposer, when it is put in a course of transmission to him so at to beRead…
5. Revocation of Proposals and acceptance. A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards. An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, butRead…
6. Revocation how made. A proposal is revoked- (1) by the communication of notice of revocation by the proposer to the other party; (2) by the lapse of the time prescribed in such proposal for its acceptance, or, if no time is so prescribed, by the lapse of a reasonableRead…
7. Acceptance must be absolute. In order to convert a proposal into a promise the acceptance must- (1) be absolute and unqualified. (2) be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted. If the proposal prescribes a mannerRead…
8. Acceptance by performing conditions, or receiving consideration. Performance of the conditions of proposal, for the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an acceptance of the proposal. Read Contract Act in a systematic way. Read Contract Act each section wise.Read…
9. Promise, express and implied. In so far as the proposal or acceptance of any promise is made in words, the promise is said to be express. In so far as such proposal or acceptance is made otherwise than in words, the promise is said to be implied. Read ContractRead…
11. Who are competent to contract? Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is sound mind and is not disqualified from contracting by any law to which he is subject. Related: Contract byRead…
12. What is a sound mind for the purposes of contracting? A person is said to be of sound mind for the propose of making a contract, if, at the time when he makes it, he is capable of understanding it and of forming a rational judgement as to itsRead…
13. “Consent” defined. Two or more person are said to consent when they agree upon the same thing in the same sense. Read Contract Act in a systematic way. Download beautiful, mobile-friendly Contract Act PDF.Read…
19. Void-ability of agreements without free consent. When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract voidable at the option of the party whose consent was so caused. A party to contract, whose consent was caused by fraud or misrepresentation, may, if heRead…
19A. Power to set aside contract induced by undue influence. When consent to an agreement is caused by undue influence, the agreement is a contract voidable at the option of the party whose consent was so caused. Any such contract may be set aside either absolutely or, if the partyRead…
20. Agreement void where both parties are under mistake as to matter of fact. Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement, the agreement is void. Explanation- An erroneous opinion as to the value ofRead…
21. Effect of mistake as to law. A contract is not voidable because it was caused by a mistake as to any law in force in India; but mistake as to a law not in force in India has the same effect as a mistake of fact. Illustration- A andRead…
22. Contract caused by mistake of one party as to matter of fact. A contract is not voidable merely because it was caused by one of the parties to it being under a mistake as to a matter of fact. Read Contract Act in a systematic way. Read Contract ActRead…
23. What consideration and objects are lawful, and what not. The consideration or object of an agreement is lawful, unless- It is forbidden by law; or is of such nature that, if permitted it would defeat the provisions of any law or is fraudulent; or involves or implies, injury toRead…
