LITT
Try LITT free
Def.
Lex-O-Pedia
Can a Company Reserve Sole Discretion to Settle Distributor Dues in Cash or Goods?
A termination clause letting the company alone decide whether a distributor's outstanding dues are settled in cash or in goods invites challenge under Section 23 of the Contract Act. Why unilateral settlement discretion fails the Brojo Nath Ganguly test, and how to redraft it.
Read full entry →
In Re
case-study
Case Study: Gherulal Parakh v. Mahadeodas Maiya
In Gherulal Parakh v. Mahadeodas Maiya (AIR 1959 SC 781), the Supreme Court of India held that while wagering contracts are void under Section 30 of the Indian Contract Act, they are not illegal under Section 23. The court ruled that partnerships formed for wagering purposes are not unlawful, as wag
2024 · 5 min read
Held
Judgment