Understanding Section 56 of the Indian Contract Act, 1872

People all over the world undertake contractual obligations by entering into contracts for doing or abstaining from doing an act. When a proposal from one side is accepted by the other, forming consideration for each other, an agreement is set up. A contract is an agreement which is enforced by law.[1] The conditions of enforceabilityContinue reading “Understanding Section 56 of the Indian Contract Act, 1872”

COVID-19: Impact on Commercial Contracts

Executive Summary Coronavirus is amongst the foremost causes for concern in present times has caused a lot of destruction to mankind. Commercial contracts have become frustrated and impossible to perform due to the pandemic. The parties obliged to perform their duty are afraid of the consequences followed by delinquency. This article talks about concepts likeContinue reading “COVID-19: Impact on Commercial Contracts”