Adv. Sandigdha Mishra "Be Aware"

BREACH OF CONTRACT UNDER THE PROVISION OF CONTRACT ACT: Contract is made between the parties who are intended to bind together in a legal obligation i.e.to serve the interest of both the parties.  Once the parties have come to an agreement regarding the terms of the contract, they are both legally obligated to fulfill their obligations under the contract. If they fail to do so, they have breached the contract and can be held liable in a court of law. Terminating a contract means legally ending the contract before both parties have fulfilled their obligations under the terms of the contract. There are a variety of reasons why a party can terminate a contract. When and how the contract is terminated will determine whether either party has any liability for breach of the contract before it was terminated.  Thus, repudiation can occur when the either party refuses to perform his part, or makes it impossible for him to perform or even fails to perform his part of contract in each o...

WILL UNDER THE INDIAN SUCCESSION ACT,1925: Meaning / Definition of a ‘Will’ : – A ‘Will’ is an instrument (i.e. document), by which a person makes a disposition of his property, which is intended to take effect after his death. A ‘Will or testament’ is a declaration, in a prescribed (i.e. legal) manner, of the ‘intention’ of the person making it, with regard to the matters, which he wishes to take effect upon or after his death. Any such person, who is of ‘sound mind’, and who is ‘not a minor’, can execute his or her ‘Will’. Here, it is to be noted that, such person may be very sick or ill, i.e. of unsound health, but, at the moment of execution of Will, he must be of sound mind. It means that, he must have capacity to realize or understand, as to what are his properties, who are near and dear to him, in whose favor it would be better to dispose of property, etc. In short, any such person, making a Will, must be able to know the nature of his acts and its consequences. And therefore, i...