9:21
Gherulal Parakh v. Mahadeodas Maiya
Law of Contract I (General Principles)
Study material
Explained in
Published material from The Law Easy that cites Section 23.
Video lectures
9:21
Notes and articles
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About this subject ▶ Watch this part of the lecture (0:00) Example Brothers Prince and Farhan inherit their father's textile business in Cuttack and quarrel over the shop, the bank accounts and the brand name. Suit and counter-suit follow. Ten years later the case is pending, the business has shrun…
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Law of Contract II (Specific Contracts) Complete notes
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About this subject ▶ Watch this part of the lecture (0:00) Contract Law II has six units, from indemnity to how these rules work for governments and consumers. These contracts arise daily: handing car keys to a valet, pledging gold for a loan, buying a phone, starting a business with a friend. Conn…
126 min read
Family Law I Complete notes
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Family Law I is the personal law of marriage and family for Hindus and Muslims in India, studied in five units, from what a personal law is and where it comes from, to adoption and the care of a child and the child's property. Marriage, divorce, maintenance and custody touch almost every home, and…
125 min read
Law of Contract I (General Principles) Complete notes
Indian Contract Act: Complete Notes
Contract Law I runs from the first question, what a contract is, to the newest one, how contracts are made on the internet. Contracts are made every day: buying a cup of tea, booking a cab or renting a room. Connecting every rule to such everyday transactions is the easiest way to understand and re…
132 min read
Law of Contract I (General Principles) Complete notes
Law Of Contract One Shot
A contract is an agreement between two or more parties that the law can enforce. It happens when one person makes an offer, and the other person accepts it. For it to be a contract, there must be something valuable exch…
114 min read
Transfer of Property Act, 1882 Complete notes
Transfer of Property Act, 1882: Complete Notes
About this subject ▶ Watch this part of the lecture (0:00) The law of transfer of property is covered in twelve units, from the basic question of what property is to the special rules that apply when a person living outside India buys or sells property in India. Buying a flat, taking a home loan, r…
187 min read
Case laws
Gherulal Parakh vs Mahadeodas Maiya
Supreme Court of India · 1959
First, let us understand the basic meaning. Section 30 of the Indian Contract Act, 1872 says a wagering agreement — where two parties bet on an uncertain event, one winning and one losing depending on the outcome — is void : the law simply will not enforce it, and neither party can go to court over…
Law of Contract I (General Principles)
Official text
We show statutory text only after checking it word for word against the official source. Read Section 23 of the Indian Contract Act, 1872 on India Code.
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