What is Impact Investing ? Impact investing is a financial approach that seeks to generate both financial returns and positive social or environmental impact. Unlike traditional investing, where the primary focus is on financial gains, impact investing aims to contribute to solutions for various societal or environmental challenges while also providing a financial return to … Read more
Disputes are an inevitable part of life, whether in business, personal relationships, or legal matters. However, not every conflict needs to be dragged through the lengthy and costly court process. Alternative Dispute Resolution (ADR) offers a practical, efficient, and often less adversarial way to resolve disagreements. But what exactly is ADR, and why is it … Read more
Imagine this: after years of making mortgage payments, you’ve finally made the last one. The excitement of fully owning your home is overwhelming. But wait—there’s one more step before you can truly say, “This house is 100% mine!” That step is receiving a Deed of Reconveyance. If you’re scratching your head and wondering, “What’s a … Read more
What is Consideration ? Meaning and Definition of Consideration in Contract Law [Section 2(d)] The term “consideration” is one of the vital elements to uphold a contract. Subject to some exceptions, an agreement made without consideration is a null and void contract, Consideration is a legal term used in the sense of quid pro quo, … Read more
Definition of Consent [Section 13] According to Section 13, “Two or more persons are said to have consented when they agree upon the same thing in the same sense” (Consensus ad idem). The Latin term consensus ad idem means “agreement as to the same things”. Consequently, when parties to a contract make some fundamental error … Read more
What is Contract of Indemnity ? Meaning and Definition of Contract of Indemnity [Section 124] “A contract, by which one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any other person, is called a contract of indemnity”. A contract of … Read more
What is Offer ? Offer is a proposal by one party to another to enter into a legally binding agreement with him. A proposal is an expression of will or intention. The word proposal is synonymous with the English word offer. For example, R tells S, “I am willing to sell my machine for Rs.10,000, … Read more
What is Legality of Object ? Object means purpose or design. The term ‘consideration’ is defined in Section 2(d) of the Indian Contract Act. For example, A agrees to sell goods to B, and B, who is insolvent assigns the benefit of the contract for Rs.100 with a view to defrauding his creditors, the consideration … Read more
Introduction : According to Section 12(1) of the Sale of Goods Act, 1930, a stipulation in a contract of sale with references to goods which are the subjects there of may be, A Conditions (Section 12(2)) or A Warranty (Section 12(3)). This article talks about everything you need to know about the Conditions and Warranties … Read more
What is Breach of Contract ? Breach of contract is a legal cause of action in which a binding agreement or bargained for exchange is not honoured by one or more of the parties to the contract by non-performance or interference with the other party’s performance. If the party does not fulfil his contractual promise, … Read more