Contract of Guarantee

Contract of Guarantee

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A contract where one person promises to discharge the liability of another person in case of the latter’s default. Section 126 of the Indian Contract Act, 1872 defines the Contract of Guarantee. A contract of guarantee is between three parties, namely: Creditor- The person to whom the guarantee is given. Principal Debtor- One against whose […]

Contract of Indemnity

Contract of Indemnity

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Indemnity, in simple words, is protection against losses. The loss can be of money as well as goods. Contract of Indemnity falls under Section 124 of the Indian Contract Act, 1872. According to the said section, it is a contract in which one party promises to bear the losses of another party. These losses can […]

Mohori Bibee Vs Dharmodas Ghose

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Mohori Bibee vs Dharmodas Ghose- (1903) 30 Cal. 539 (Minor Agreements)   Introduction To The Case: Appellant: Mohori Bibee and Others Advocate for Appellant: Watkins Defendant: Brahmo Dutt Advocate for Defendant: W.W. Box Court: Kolkata Judgment Date: 4th March 1903 Acts: Section 115 of Indian Evidence Act 1877, Sections- 19, 41, 64 and 65 of Indian Contract Act […]