Creation of Trust and Essentials of valid Trust

1. INTRODUCTION The rules relating to trusts are contained in the Trusts Act 1882. It came into force on 1st day of March 1882 and extend...

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When acceptance converts a proposal into promise

Acceptance must be absolute In order to convert a proposal into a promise, the acceptance must-- 1. be absolute and unqualified 2...

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When and how a proposal may be revoked

1. Proposal When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the as...

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Different between Tort and Crime

1. Tort Various celebrated writers have defined tort as under: a.  Salmond A tort may be defined as a civil wrong, for which the re...

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Concept and Scope of Contract

Contract An agreement enforceable by law is a contract; Section 2(h) (a) Definition To constitute an agreement, it was necessary th...

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Concept of consideration as expounded by the Contract Act

Consideration When, at the desire of the promisor the promisee or any other person who has done or abstained from doing, or does or absta...

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Proposal, Promise and Agreement

1. Proposal When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the as...

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Meant by a Holder in due to course

A holder in due course means any person who becomes the possessor of a promissory note, bill of exchange or cheque for consideration is kno...

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Offences against religions and Punishments

Injuring or defiling place of worship, with intent to insult the religion of any class Whoever destroys, damages or defiles any place of ...

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