A depository is a company which has been granted a certificate of registration under the SEBI Act, 1992, to deal in securities. In simple words, it ...

Section 31 of the Contract Act defines the contingent contract as follows: A contingent contract is a contract to do or not to do something if some event, ...

In simple words, coercion means the use of force by one party or compel a person to enter into a contract. Section 15 of the Contract Act defines ...

A contract may be discharged in any of the following ways :  By performance.By tender of performanceBy mutual consentBy subsequent impossibilityBy ...

The rationale behind the Minimum Wages Act, 1948 is to empower the Central Government and State Governments to fix minimum wages in ...

Under the following circumstances, an employer shall not be liable to pay any compensation. to a workman: When injury does not result in disablement for ...

The Employees State Insurance Scheme is basically a health insurance scheme. It aims at providing for cash benefits to the employees in ...

A contract without consideration is void ab initio. There must, therefore, be consideration. But, it need not necessarily be equal in value to the promise of ...

Consideration One of the essential elements of a valid contract is that it must be supported by some consideration. The term consideration is used in the ...

Adequacy of Consideration need not be adequate, but must have some value, however slight. It is up to the parties to fix their own prices. For example, where ...