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Lapse of Offer

The Indian Contract Act under section 2(h) defines the meaning of the term “contract”. As per the Section, a contract is an agreement enforceable by law. Therefore there are two essentials to be f...

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Offer and Acceptance

Contracts play a vital role in our everyday life ranging from employment contracts to insurance policies. In Fact, we enter into contracts even without thinking, for example, while downloading an appl...

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Types of Offer under the Indian Contract Act, 1872

A proposal or an offer is like the beginning of a contract. Not only the definition of the word contract is important but also, the practical examples along with the situations considered by the court...

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