Skip to content

Varun Kumar Jha

LLB Varun (LLBVarun.com) is an online legal education platform founded by Varun Kumar Jha for law students, competitive exam aspirants, and legal professionals in India. It focuses on making legal concepts easy to understand through Bare Acts, AIBE MCQs, and case laws.

Section 121 of Indian Contract Act

    Right of seller as to rescission, on failure of buyer to pay price at time fixed. Rep. by the Indian Sale of Goods Act, 1930 (3 of 1930), s. 65.

    Section 124 of Indian Contract Act

      “Contract of indemnity” defined.— A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person,… 

      Section 125 of Indian Contract Act

        Rights of indemnity-holder when sued.— The promisee in a contract of indemnity, acting within the scope of his authority, is entitled to recover from the promisor— (1) all damages which he may be compelled to… 

        Section 126 of Indian Contract Act

          “Contract of guarantee”, “surety”, “principal debtor” and “creditor”.— A “contract of guarantee” is a contract to perform the promise, or discharge the liability, of a third person in case of his default. The person who…