W e know that  a proposal, when accepted, becomes a promise, a promise with consideration becomes an agreement, and when there is an agreement, section 10 of the Indian Contract Act is satisfied, it becomes a contract.  Lalman Shukla vs Gauri Datt is a landmark case that deals with the very initial stage of contract, i.e., the off…

Competition in business is common in the modern world. But it has not been the case every time. There was a time when there was no competition, regardless of the products and services. But as the competition increases, it always hurts the monopolist party. People get more options, and due to this, economic opportunities get distribu…

Bank of Bihar v. Damodar Prasad (1969) is a landmark case on Section 128 of the Indian Contract Act, 1872. It clearly explained the purview of section 128. Before moving forward, we have to understand what Section 128 of the Indian Contract Act says. It says: "The liability of the surety is co-extensive with that of the princi…

This is an English case, and it comes under the Specific Contract (Section 124-238) of the Indian Contract Act, 1872. Specific Contracts include contracts of indemnity, guarantee, bailment, pledge, and agency. The Adamson v. Jarvis case is related to the Contract of Indemnity (Section 124). Contract Of Indemnity Contract of Indemni…