Indian Contract Act (Page 2)

31. “Contingent contract” defined. A “contingent contract” is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen. Illustration– A contracts to pay to B Rs.10,000 if B’s house is burnt. This is a contingent contract. Read the ContractRead…

17. “Fraud” defined. “Fraud” means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agents, with intent to deceive another party thereto his agent, or to induce him to enter into the contract- (1) the suggestion as aRead…

15. “Coercion” defined. “Coercion” is the committing, or threatening to commit, any act forbidden by the Indian Penal Code or the unlawful detaining, or threatening to detain, any property, to the prejudice of any person whatever, with the intention of causing any person to enter into an agreement. Explanation- ItRead…

16. “Undue influence” defined. (1) A contract is said to be induced by “under influence” where the relations subsisting between the parties are such that one of the parties is in a position to dominate the will of the other and uses that position to obtain an unfair advantage overRead…

18. “Misrepresentation” defined. “Misrepresentation” means and includes – (1) the positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true; (2) any breach of duty which, without an intent to deceive, gainsRead…