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Monthly Archives: September 2014

Discharge of contract

Every contract is made to fulfill a legal obligation and which such obligation is fulfill the contract will be Discharge. After discharge a contract no obligation is rest to the parties. A contract may be discharge by the following ways-

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Contingent contract

According to the section 31 of the contract Act 1872, “A Contingent contract is a contract to do or not to do something, if some event, collateral to

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Laws relating to Agency under Law of Contract Act

Agency                                                Agency is a contractual a legal relationship between and agent and his principal. An ‘Agent’ is a person employed to do any act for another or to represent another in dealings with third person, – [see.182] and the person ...

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