Essentials of Indian Contract Law

Indian Contract Law is a subject vast and dynamic in itself. Its demand persists and in fact keeps on increasing day in and out. It is such a field that disturbs the minutest nerve of the human brain in order to understand it. 

The profession of a lawyer works the same way. It is not just litigation and corporate sectors that earn the lawyers what they are, but the immense knowledge and years of practice. 


The lawyers vow to get justice for people. And as everyone knows, getting justice is not at all an easy task so the lawyers involve themselves into a mind-boggling field. 


Same happens with the students learning and practicing law. These students have to concentrate on a number of things like their case studies, moot courts and then their assignments. 


Handling all this stuff becomes difficult for them eventually forcing them to go for Homework Help USA


Before we delve into any intricate details, we need to understand that there are different types of laws: civil law, criminal law, constitutional law, contract law and the like. 


Each one has a different scope of study. Civil law focuses on resolving disputes of a petty nature, such disputes do not have any involvement of the police and can be solved by paying fines.


Criminal law deals with serious matters and offences against the State as a whole. In such cases grave punishments are given to the criminals as per the crime they have committed and the punishment that is mentioned for the same in the Indian Penal Code. 


Such offences involve both fine and punishment. Constitutional law deals with matter wherein any provision of the Constitution is abridged upon or has been violated by an individual, a group of people or even the State itself. Contract law deals with matters that have arisen after a breach of a legally binding contract.


The Contract law is a much-witnessed field in the world of business, although we unintentionally enter into contracts in our daily activities of sale and purchase. 


Basically, a contract means a mutual agreement to return each other’s favors resulting into mutual benefits. This type of law is a tricky one to understand therefore students usually go for assignment help in this case. 


So to understand the law more easily and to assist the students seeking law assignment help, let us understand the essentials of the Indian contract law:

  • The most essential feature of a contract law is the understanding that contracts are signed between a minimum of two parties. Moreover, they involve a bilateral exchange of favors 


which means that one sided favors may be agreements but not contract. The doctrine of promissory estoppel become san exception to this case wherein 


when one party makes a promise and on the basis of such a promise, the other party goes on to do something significant in nature, then the contract becomes binding. 


For example, X could accommodate 10 more children in his class, but he did not. Y made a statement saying if X accommodates 10 more children he would offer him 10 lakh rupees. 


X goes on to do the same but later Y backs out. Here Y is liable to pay on the basis of doctrine of promissory estoppel.


  • Although a minimum of two parties should be there in case to form a contract, maximum can be infinity. This is called the plurality of contracts. 


For example, the statement of police that whoever finds the wanted criminal or gives information about him will get reward, falls under this category. 


  • For a contract to be legally binding, there must be an intention in both the parties, to enter into such a contract. 


For example if X asks his son to qualify NEET and he will get him a car, he has intention of entering into the contract thus can be held liable later. Such contracts may also arise between husband and wife. But this is less found in the Indian context and more in the American and English context.


  • The object of contract should be lawful. You cannot enter into contracts dealing with illegal objects. Here comes the market pricing context as well. 


Businessmen cannot price their products below the cost price of the articles, since that is again an unlawful object. 


  • A contract signed by two parties cannot be enforced or claimed by a third party. 


  • The contracts are agreements signed with free consent and the ones that are not expressly declared to be void. 


  • There should be a proper offer and proper acceptance with a will to enter into a legally binding relationship, in order to form a contract.


  • The consideration should be lawful, moral and not opposed to public policy. For example, two people cannot enter into a contract to do some criminal act. 


  • Another important aspect is that there should be a possibility of performance of the task of the contract in order for it to be legally binding. 


For example, B promises A to bring crores of money through magic. Such an offer cannot be a contract because of its impossibility of performance. Thus such an agreement cannot be enforced in a court of law. 


  • While making an offer for the contract, its terms must be clear to both the parties. Such an offer may be expressed directly or be an implied one. The return price can be money or something else that holds importance for the other party. 


  • Offer must be made in such a manner so that consent of the offeree is obtained and any special condition attached to an offer must be clearly communicated to the other party. 


Thus these were a few basic points of a contract law that can provide law students assignment help usa

But it becomes important to mention that one must acquaint himself with the details of this point in order to understand the things better and get the nest results. 

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