Author: The Tax Herald

An agreement with a minor is void ab initio under Indian Contract Law. This article discusses the legal position of minors in contracts, key case laws like Mohori Bibi v. Dharmodas Ghose, and exceptions where a minor can benefit, but not be held liable under a contract.

Consideration is the foundation of every valid contract. Section 2(d) of the Indian Contract Act defines consideration and its essential elements. This article explores past, present, and future consideration, lawful consideration, and exceptions where an agreement is valid even without consideration.

Section 2(b) of the Indian Contract Act defines acceptance as the expression of assent to an offer. This article outlines the rules of valid acceptance, including communication, timing, and revocation. It also highlights the legal impact of acceptance in forming a binding contract.

Section 3 of the Indian Contract Act deals with the communication of proposals and acceptances. This article explains the meaning of an offer, methods of communication, and how an offer becomes valid under law. It also outlines the importance of intention and legal enforceability.