Category: NTA NET

There are certain circumstances when there is no agreement between the parties, there is no offer and acceptance but then also those circumstances give birth to a contract. These type of contracts are known as Quasi Contract. The Quasi Contract creates certain relationship or obligations which resembles those created by contract but the mode of creation is different. The basis Read More …

Below table explains the difference between fraud and misrepresentation

Misrepresentation means making a wrong statement of fact innocently i.e. without any intention to deceive the other party. In misrepresentation, the party making the statement does not himself know that the statement is false and he honestly believes that it is correct. Illustration: While selling her watch to Shivam, Shivani tells that the watch is made in Australia. After selling Read More …

Offer and Acceptance The words Proposal and Offer are synonyms and are used interchangeably. Section 2 (a) of Indian contract act defines a proposal as “when one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtain assent of that other to such act or abstinence, he is said to make Read More …