Basic Principles of Contract | Contract Law

Gherulal Parakh v. Mahadeodas Maiya and Ors.

Gherulal Parakh v. Mahadeodas Maiya and Ors. 1959 AIR 781 (Wagering Agreement-Illegal?-Public Policy?-Immoral?-S.23 and S.30) FACTS: Plaintiff and defendant entered into Partnership agreement with object of entering into wagering transactions with obligation to bear equal loss or profit arising out of such partnership. When plaintiff asked for reimbursement of half of money paid by him…

Basic Principles of Contract | Contract Law

Central Inland Water v. Brojo Nath Ganguly and Anr.

Central Inland Water Transport Corporation v. Brojonath Ganguly 1986 SCR (2) 278 (Standardised Contracts-Public Policy-Unconscionable Bargains-S.23-Void) FACTS: Plaintiffs worked in a company which was dissolved by Court’s order and they were then inducted into defendant Corporation upon latter’s T&C. After years of serving Corporation, plaintiffs were arbitrarily kicked out of the Corporation by virtue of…