Essentials Of Valid Contract
Summary
A valid contract in Telangana requires offer, acceptance, intention to create legal relations, lawful consideration, capacity, free consent, and a lawful object. Fraud under Section 17 involves deceit, false representation, concealment, and promises without intent. Offers must be communicated and can be revoked before acceptance. Acceptance must also be communicated and can be revoked before reaching the offeror.Full Conversation
*. Fraud (Sec *)
Fraud under Section * of the Indian Contract Act, * involves any act committed with intent to deceive another party. Here are some key points:
- Misrepresentation of facts.
- Active concealment of facts.
- Making a promise without intention to perform.
- Any fraudulent act to deceive.
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*. communication and revocation of offer and acceptance
In the context of Telangana and Indian contract law, here is some general information on the communication and revocation of offer and acceptance:
- Communication of Offer: An offer must be communicated to the offeree for it to be valid.
- Acceptance: Acceptance must be communicated to the offeror to complete the contract.
- Revocation: An offer can be revoked anytime before acceptance is communicated.
- Modes of Communication: Communication can be via any means (written, oral, electronic).
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*. communication and revocation of offer and acceptance
To clarify communication and revocation of offer and acceptance:
- Communication of Offer: An offer must be communicated to the offeree.
- Acceptance: Acceptance must be communicated to the offeror.
- Revocation of Offer: An offer can be revoked before it is accepted.
- Revocation of Acceptance: Acceptance can be revoked before it reaches the offeror.
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*. Fraud (Sec *)
Fraud under Section * of the Indian Contract Act involves:
- Deceit: Intentional deception to induce someone to enter into a contract.
- False representation: Misleading someone about a fact.
- Concealment: Hiding material facts.
- Promise without intent: Making a promise without the intention to fulfill it.
Could you provide details about the specific fraudulent situation you are dealing with?