Contract Management: Introduction and Indian Contract Act, 1872

In estimating loss arising from a breach of contract, which factor must be considered?

What is the entitlement of the party affected by a breach of contract if a sum is specified in the contract as penalty for such a breach?

Under what circumstances is a party rightfully rescinding a contract entitled to compensation?

Which Act emphasizes arbitration as a method to settle commercial disputes quickly and enforce contracts effectively?

When did the Arbitration & Conciliation Act, 1996, come into effect?

What does the Indian Contract Act of 1872 provide for concerning breaches of contract?

What is the definition of a contract according to Section 2(h) of the Indian Contract Act, 1872?

Which of the following is NOT an essential requirement for a valid contract?

What is the significance of the parties being competent to enter into a contract?

In the context of contracts, what does 'free consent' between parties refer to?

Why is it essential for a contract to have certainty and possibility of performance?

Which type of agreements are excluded from being considered as contracts?

What is the primary focus of a public procurement professional in relation to legal aspects?

Which act governs arbitration related to public procurement contracts in India?

In the context of public procurement, what does the Central Vigilance Commission Act, 2003 primarily deal with?

Which law regulates the use of electronic methods for procurement like e-procurement and e-auction?

What is the relevance of the Indian Contracts Act, 1872 in public procurement?

Why is it important for a public procurement professional to be aware of the Competition Act, 2002?

What is the significance of both parties needing to be competent to enter into a contract?

Which factor is NOT an essential requirement for a valid contract?

Why is it important for an agreement to have certainty and possibility of performance?

What is the primary focus of the Indian Contract Act, 1872 in relation to contracts?

In the context of contracts, what does 'free consent' between parties refer to?

Why is a public procurement professional expected to be generally aware of the Indian Contracts Act, 1872?

Which law primarily governs the resolution of commercial disputes and enforcement of contracts quickly in India?

What is the main focus of a public procurement professional regarding the Competition Act, 2002 in India?

Why is it essential for a public procurement professional to be aware of the Prevention of Corruption Act, 1988?

In the context of public procurement contracts, what does the Right to Information (RTI) Act, 2005 primarily focus on?

What is the time restriction for arbitral tribunals to make their award in international commercial arbitrations, as per the amended Act 33 of 2019?

Under the Arbitration & Conciliation Act, an arbitration agreement must be:

If there is an arbitration agreement between parties and an action is brought before a judicial authority, what action should the judicial authority take?

Which section of the Arbitration & Conciliation Act deals with the power to refer parties to arbitration when there is an arbitration agreement?

What kind of disputes can be submitted to arbitration according to the definition in the Indian Contract Act of 1872?

According to the Indian Contract Act of 1872, what is the term used for the person making a proposal?

What is the term for a proposal that, when accepted, becomes a promise under the Indian Contract Act of 1872?

In the context of the Indian Contract Act of 1872, what is the term used for the person accepting the proposal?

Under the Indian Contract Act of 1872, what is defined as the act or promise done at the desire of the promisor?

In the context of contracts, what is an agreement under the Indian Contract Act of 1872?

What must be taken into account when estimating the loss or damage from a breach of contract?

Under Section 74 of the Indian Contract Act, what compensation is a party entitled to if a sum is named in the contract as an amount to be paid in case of a breach?

What is the entitlement of a party who rightfully rescinds a contract according to Section 75 of the Indian Contract Act?

What does the Arbitration and Conciliation Act, 1996, aim to provide for in terms of resolving commercial disputes?

When did the Arbitration and Conciliation Act, 1996, come into effect?

According to the Indian Contract Act, 1872, an agreement is void if the consideration involves or implies:

Under what circumstance is an agreement without consideration void unless expressed in writing and registered under the law?

What renders an agreement void under Section 29 of the Indian Contract Act, 1872?

When are parties required to perform their contractual promises according to the Indian Contract Act, 1872?

What will make an agreement void under the Indian Contract Act, 1872?

What role does the conciliator play in the conciliation process according to Section 67?

When can the conciliator make proposals for a settlement of the dispute?

What happens when parties sign a settlement agreement?

What is the status and effect of a settlement agreement according to Section 74?

What is the impact of drawing up and signing a written settlement agreement?

How are proposals for a settlement of a dispute presented according to Section 67?

What effect does the authentication of a settlement agreement by the conciliator have?

What does Section 66 specify regarding the conciliator's obligation during conciliation?

What is required for a settlement agreement to be considered final and binding according to Section 73?

According to Section 74 of the Indian Contract Act, what compensation is a party entitled to if a sum is named in the contract as an amount to be paid in case of a breach?

What entitlement does a person have when rightfully rescinding a contract according to the Indian Contract Act?

What must be taken into account when estimating loss or damage arising from a breach of contract?

In case of a breach, why is reasonable compensation allowed under Section 74 even if no actual damage is proven?

What is the primary purpose of arbitration in resolving commercial disputes under the Arbitration and Conciliation Act, 1996?

Which type of compensation is a party entitled to under Section 75 when rightfully rescinding a contract?

What is the primary purpose of resorting to arbitral or judicial proceedings in the context of public procurement contracts?

In the Indian Contract Act, 1872, what is considered essential for a contract to be legally valid?

What is the consequence of communication through contracts in public procurement?

Under the Indian Contract Act, 1872, what renders an agreement void?

What is the significance of a settlement agreement in resolving disputes related to public procurement contracts?

What is the main focus of public procurement professionals regarding arbitration and conciliation in resolving contract disputes?

What is the primary focus of the Indian Contract Act, 1872 in relation to contracts?

When a contract is deemed void under the Indian Contract Act, 1872, which factor is typically involved?

Which essential requirement for a valid contract emphasizes that both parties must be legally capable of entering into an agreement?

If an agreement is void due to being expressly declared so under the Contract Act or another law, what does this signify about its legal standing?

In terms of resorting to arbitral or judicial proceedings, what is the significance of free consent in a contract?

How does the Indian Contract Act, 1872 contribute to resorting to arbitral or judicial proceedings?