What is Section 33 of the Indian Contract Act?

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Section 33 of the Indian Contract Act, 1872, governs contingent contracts based on an event not happening. It dictates that such contracts can only be legally enforced when the happening of the event becomes impossible, and not before.

What is Section 33 of the Indian Contract Act, 1872?

Enforcement of contracts contingent on an event not happening. Contingent contracts to do or not to do anything if an uncertain future event does not happen can be enforced when the happening of that event becomes impossible, and not before. A agrees to pay B a sum of money if a certain ship does not return.

What is Section 34 of the Indian Contract Act in simple words?

If the future event on which a contract is contingent is the way in which a person will act at an unspecified time, the event shall be considered to become impossible when such person does anything which renders it impossible that he should so act within any definite time, or otherwise than under further contingencies.

What is the specific relief act s33?

Power to require benefit to be restored or compensation to be made when instrument is cancelled or is successfully resisted as being void or voidable.

What is Section 33 of the Bombay Stamp Act?

having by law or consent of parties authority to receive evidence, and every person in charge of a public office except an officer of police, before whom any instrument, chargeable, in his opinion, with duty, is produced or comes in the performance of his functions shall if it appears to him that such instrument is not ...

section 33 indian contract Act ,contingent part 3

23 related questions found

What is the purpose of section 33?

Section 33 of the Charter of Rights and Freedoms is commonly referred to as the “notwithstanding clause.” Its function is to prevent a court from invalidating a law that violates Charter provisions relating to fundamental freedoms (section 2), legal rights (sections 7-14), or equality rights (section 15).

What is the stamp duty on contract agreement in Maharashtra?

Contracts valued at: Up to ₹5 lakhs will attract a flat duty of ₹500. Above ₹5 lakhs and up to ₹10 lakhs will be charged ₹500 + 0.3% on the amount above ₹5 lakhs. Above ₹10 lakhs will be charged ₹1,000 + 0.1% on the amount above ₹10 lakhs.

What is Section 37 of the Indian contract Act?

India Code: Section Details. The parties to a contract must either perform, or offer to perform, their respective promises, unless such performance is dispensed with or excused under the provisions of this Act, or of any other law.

How much of a statement is to be proved sec. 33?

When any statement of which evidence is given forms part of a longer statement, or of a conversation or part of an isolated document, or is contained in a document which forms part of a book, or is contained in part of electronic record or of a connected series of letters or papers, evidence shall be given of so much ...

What is Section 34 of the Indian evidence Act?

Entries in books of accounts including those maintained in an electronic form, regularly kept in the course of business, are relevant whenever they refer to a matter into which the Court has to inquire, but such statements shall not alone be sufficient evidence to charge any person with liability.

What is a promise under the Indian Contract Act?

A proposal, when accepted, becomes a "promise"; (c)The person making the proposal is called the "promisor", and the person accepting the proposal is called the "promisee"; (d)When, at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or ...

What are the 4 types of damages?

Damages include the following types: compensatory, nominal, liquidated, and consequential.

What is Section 35 of the Indian Contract Act?

—Contingent contracts to do or not to do anything, if a specified uncertain event does not happen within a fixed time may be enforced by law when the time fixed has expired and such event has not happened or, before the time fixed has expired, if it becomes certain that such event will not happen.

What are the five breaches of contract?

For more information, see breach of contract.

  • Minor breach of contract. ...
  • Material breach of contract. ...
  • Anticipatory breach of contract. ...
  • Repudiatory breach of contract. ...
  • The 7 questions you need to ask when a contract is breached. ...
  • Summary.

What are the three types of consideration?

In contract law, there can be three types of consideration; past, present, and future. A past consideration can be put in the head of a moral consideration and is typically not enforceable.

What are the 5 special contracts?

What are the 5 special contracts? The five special contracts under the Indian Contract Act are indemnity, guarantee, bailment, pledge, and agency. These contracts involve specific legal obligations and relationships between parties.

How many witnesses are required to prove a fact?

Section 134 of the Indian Evidence Act 1872 envisages that no particular number of witnesses is required for proof of any fact.

How is section 33 interpreted by courts?

If a competent court finds that a law would have been invalid but for the invocation of Section 33, a declaration to that effect “provides crucial information for both voters and governments alike as they contemplate their democratic choices during the five-year span that the notwithstanding clause operates.” And if ...

How much of a statement is to be proved?

(2) Where such party has failed to give in evidence any part of the statement, conversation, document, electronic record, book or series of letters or papers which is necessary as aforesaid, the other party may give that part in evidence."

What does Section 73 of the Indian Contract Act deal with?

Section 73 of the ICA provides as follows: When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has committed breach, compensation for any loss or damage caused to him thereby, which naturally arose in the usual course of things from such breach, or which the ...

What are the 4 types of breach of contract?

A breach of contract occurs when a party fails to fulfill their obligations under an agreement. The four primary types of breach, classified by their severity and timing, are Minor, Material, Fundamental, and Anticipatory.

What is Section 43 of the Indian Contract Act?

43. Any one of joint promisors may be compelled to perform. Each promisor may compel contribution. Sharing of loss by default in contribution.

Which stamp is used for agreement?

Judicial stamp paper is mandatory for all legal petitions, and non-judicial ones are attached to commercial papers, affidavits, and agreements.

What is the difference between sale deed and agreement for sale in Maharashtra?

In conclusion, while the agreement of sale marks the beginning of a property transaction, the sale deed is the final and legally binding step that confirms ownership. Both are linked, but serve different purposes within the real estate process.