Continuing Guarantee: A guarantee may be given in two ways, on the basis of these ways, there can be two types of guarantees: specific and continuing: ...

According to Section 126 of the Indian Contract Act, A contract of guarantee is a contract to perform the promise, or discharge the liability, of a third ...

Remedies for Breach of Contract: Whenever there is a breach of a contract, the injured party becomes entitled to any one or more of the following remedies ...

Ordinary or general damages:  When a contract has been broken, the injured party can recover from the guilty party ordinary damages. Ordinary damages are ...

Quasi-contracts. A contract can be enforced only when it has all the essential elements of a valid contract. An obligation arising from a contract is ...

Breach of Contract. Every contract imposes obligations on both the parties to it. When one of them fails or refuses to perform the obligations imposed upon him ...

Position of a Minor with Regard to the Contracts Entered into by Him. One of the essential ingredient of a valid contract stated in Section 10 is that the ...

In simple words, a wagering agreement is an agreement under which money or money worth is payable, by one person to another on the happening or ...

Mistake One of the essential elements of a valid contract is the  free consent of the parties to it. The parties are said to be having or providing a free ...

Section 17 has defined fraud: Fraud means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agent, ...

Section 31 of the Contract Act defines the contingent contract as follows: A contingent contract is a contract to do or not to do something if some event, ...

In simple words, coercion means the use of force by one party or compel a person to enter into a contract. Section 15 of the Contract Act defines ...