Indian Contract ACT full lecture in English and Hindi
Welcome to our exclusive series on the Indian Contract Act, 1872! In this comprehensive video, we've condensed the entire Act into one session, covering all essential aspects that you need to know for your legal exams, including the MPCJ 2024 and all state judiciary exams.
Indian contract act 1872 full lecture
Nitesh sir is providing detailed explanations, practical examples, and case studies to ensure you grasp each concept thoroughly. his goal is to equip you with the knowledge and understanding necessary to navigate the Indian Contract Act, 1872 effectively, enhancing your exam readiness and overall comprehension.
The Indian Contract Act, 1872 was an English statute that codified the general principles of contract law in India by declaring a hierarchical order of priorities among bilateral agreements to govern their interpretation and performance. In the Indian legal system, a contract is an agreement between two or more parties about what each party will do for the other.
What is a Contract?
In layman’s language, a contract is an agreement between two or more parties where the rights and duties of every party to the agreement are mentioned. A contract requires that all the parties to the contract, that is, all the contracting parties, must have consented, and they should have promised to do something or to refrain from doing something. To be valid, a contract requires the mutual consent of both parties to contract.
A person needs an expert lawyer because each type of business has its peculiarities, and one needs a lawyer who has hands-on knowledge of his profession. Moreover, a lawyer helps while making a deal with others. Hence an entrepreneur should hire a professional lawyer who can save time and money in business deals. A contract, in law, is defined as a legally binding agreement between two or more parties where the rights and duties of every party to the agreement are mentioned. A contract requires that all the parties to the contract, that is, all the contracting parties, must have consented, and they should have promised to do something or to refrain from doing something. To be valid, a contract requires both parties’ mutual consent to a contract.
What are the Essentials for a Valid Contract?
A contract is a legally binding agreement between two or more parties where the rights and duties of every party to the agreement are mentioned. A contract requires that all the parties to the contract, that is, all the contracting parties, must have consented, and they should have promised to do something or to refrain from doing something. To be valid, a contract requires both parties’ mutual consent to a contract. Under Section 10 of the Indian Contract Act, 1872 conditions are laid down that are mandatory for a valid contract, which are:
1) Offer: The offer must be clear and distinct. The words of the offer should enable the offeree to have no reasonable doubt as to what the offer is.
2) Acceptance: The acceptance must be using words or conduct, which the offeree cannot misunderstand as an invitation to agree.
3) Consideration: The consideration need not be equal in amount but must be reasonable. The offer and acceptance are equally beneficial to both parties. There would be no possibility of one of those parties suffering a loss without considering the other party.
indian contract act 1872 full lecture
Prepare yourself for all state judiciary exams by subscribing to our Bonus! Download the "ALEC for Judiciary" app for a FREE demo class
play.google.co...
indian contract act 1872 full lecture
Himachal Pradesh Judicial Services Examination (HPJS)
Madhya Pradesh Judicial Services Examination (MPCJ)
Uttar Pradesh Judicial Services Examination (UPPCS-J)
Delhi Judicial Services Examination (DJS)
Jharkhand Judicial Services Examination (JJS)
Rajasthan Judicial Services Examination (RJS)
Chhattisgarh Judicial Services Examination (CGCJ)
Haryana Judicial Services Examination (HJS)
Bihar Judicial Services Examination (BJS)
Join our Hybrid Foundation Course!
• Live classes on Law, GK, GS, English, Computer & Hindi.
• Live chat with faculty during class.
• Recordings of all live classes.
• Hard copy study modules for all law subjects.
• Regular objective tests aligned with Prelims Exams.
ALEC Bhopal Center Address: g.page/ALEC_Bh...
ALEC Website: www.alec.co.in
Follow ALEC on Social Media:
• WhatsApp Channel: whatsapp.com/c...
• Telegram Channel: bit.ly/ALECfor...
• Instagram: / alec_judiciary
• Facebook: / alec.aashayeinlaweduca...
Contact ALEC: Call or Whatsapp: 9691073595
#JudiciaryDream #JudiciaryAspirants #judiciarypreparation #indianjudiciary #lawexam #letscrackjudiciary #aleccoaching #alecbhopal #indiancontractact1872 #indiancontractact
Негізгі бет Indian Contract ACT, 1872 full lecture | Complete Law and Judiciary Preparation
Пікірлер: 68