Author name: aiacb

Format of a Business Contract as per the Indian Contract Act, 1872 A business contract should be drafted carefully, ensuring clarity, legality, and enforceability. While the Indian Contract Act, 1872 does not prescribe a fixed format, a well-structured business contract generally includes the following essential components: BUSINESS AGREEMENT/CONTRACT | Format of a Business Contract   […]

This case deals with the legality of wagering agreements under Indian contract law. Gherulal Parakh and Mahadeodas Maiya entered into a business arrangement involving speculation in forward contracts related to commodities. The transactions were of a speculative nature, meaning they involved betting on future price fluctuations rather than actual delivery of goods. Later, disputes arose,

This case deals with remoteness of damages in contract law. Hadley & Co., a milling business, owned a flour mill. The mill’s crankshaft broke, and they needed a replacement. They hired Baxendale, a carrier from Pickford & Co., to transport the broken shaft to the manufacturer for a replacement. Hadley told Baxendale that the shaft

This case deals with the intention to create legal relations in contract law. Mr. Balfour and Mrs. Balfour were a married couple who lived in Sri Lanka (then Ceylon). In 1916, they went to England on leave. However, due to Mrs. Balfour’s health issues, she remained in England while Mr. Balfour returned to Sri Lanka.

This case deals with communication and acceptance of an offer in contract law. Gauri Dutt, a businessman, sent his servant, Lalman Shukla, to search for his missing nephew. After Lalman had already left to search, Gauri Dutt announced a reward for anyone who found and brought back the missing boy. Lalman eventually found and returned

This case deals with the competency of minors in contract law under Indian law. Dharmodas Ghose, a minor (below 18 years old), took a loan of ₹20,000 from Brahmo Dutt, a moneylender, by mortgaging his property. At the time of the transaction, the attorney of Brahmo Dutt was aware that Dharmodas Ghose was a minor.

Carbolic Smoke Ball Co. was a company that manufactured and sold a product called the “Carbolic Smoke Ball,” which was claimed to prevent influenza and other diseases. The company published an advertisement stating that they would pay £100 to anyone who used the smoke ball as directed and still contracted influenza. The advertisement also stated