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Tag: contract

Proposal under Indian Contract Act

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| Contract Act

A proposal is defined as an offer made by one party to another party with the intention of entering into a legally binding agreement. It is an expression of willingness to do or not to do something, forming the basis of a contract. The proposal under Indian Contract Act According to Section 2(a) of the Indian […]

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What is the difference between Liquidated and unliquidated damages.

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| law of torts, legal knowledge

This law provides guidelines that help in the formation and compliance of Contracts in a regulated and organized manner. These rules and regulations provide the framework for the course of Action to be followed in case of any disputes arising from the Contracts. The Act has 266 sections and applies to the entire country except […]

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