MISTAKE
“Ignorantia Facti Excusat but Ignorantia juris non Excusat”. Explain the statement in light of the provisions of the Indian Contract Act 1872….
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Explain the provisions as to the lawful consideration and lawful object as enumerated under section 23 of the Indian Contract Act 1872…..
Read More“A master asks his servant to enter into a contract to sell his bike at a price less than the market price”. Examine the validity of the above contract in light of the provision of the Indian Contract Act 1872….
Read More Determine the validity of the contract in the given cases. Also, support your answer with reason.
1. Country ‘X’ is at war with India. ‘A’ (resident of Country X) enters into a contract with an Indian citizen ‘B’.
2. ‘C’ was held liable for committing the offence of murder and sentenced to imprisonment. After serving the term of imprisonment he was released from the jail. Afterwards, he entered into a contract with ‘D’ for the sale of the property.
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“A patient in a lunatic asylum, who is, at intervals, of sound mind, may contract during those intervals”.
Explain the given statement in light of the provisions of the Indian Contract Act 1872.
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M, a minor was studying in a school. On 31 August 2023, he took a loan of Rs 30000 from D for payment of his school fees and agreed to repay by 30 September 2023. M possesses assets worth Rs 1Lakh. On due date M fails to pay back the loan to D. D now wants to recover the loan from M out of his assets. Referring to the provisions of the Indian Contract Act 1872 decide whether D would succeed….
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