Section 71 of Transfer of Property Act
Renewal of mortgaged lease.— When the mortgaged property is a lease, and the mortgagor obtains a renewal of the lease, the mortgagee, in the absence of a contract to the contrary, shall, for the purposes…
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 72 of Transfer of Property Act
Rights of mortgagee in possession.— A mortgagee may spend such money as is necessary— (a) Clause (a) omitted by s. 37, ibid.(b) for the preservation of the mortgaged property from destruction, forfeiture or sale;(c) for…
Section 1 of Indian Contract Act
Short title.— This Act may be called the Indian Contract Act, 1872. Extent, Commencement.— It extends to the whole of India; and it shall come into force on the first day of September, 1872. Saving—…
Section 2 of Indian Contract Act
Interpretation-clause.— In this Act the following words and expressions are used in the following senses, unless a contrary intention appears from the context:— (a) When one person signifies to another his willingness to do or…
Section 3 of Indian Contract Act
Communication, acceptance and revocation of proposals.— The communication of proposals, the acceptance of proposals, and the revocation of proposals and acceptances, respectively, are deemed to be made by any act or omission of the party…
Section 4 of Indian Contract Act
Communication when complete.— The communication of a proposal is complete when it comes to the knowledge of the person to whom it is made. The communication of an acceptance is complete,— The communication of a…
Section 5 of Indian Contract Act
Revocation of proposals and acceptances.— A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards. An acceptance may be revoked at any…
Section 7 of Indian Contract Act
Acceptance must be absolute.— In order to convert a proposal into a promise, the acceptance must— (1) be absolute and unqualified; (2) be expressed in some usual and reasonable manner, unless the proposal prescribes the…