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In India also, in the case of Harbhajan Lal v. Harcharan Lal (Lalman Shukla v. Gauri. Dutt case), the same rule was applied. In this case, a young boy ran away This short and simple business law case studies on contract Act is given with solutions. Indian contract Act is a part of Commercial Law which is other wise d) The intention of promisor must have been to compensate the promisee. Exceptions -. Under following cases, a contract will be valid even without consideration.Novation : Two parties agree to resolve their differences and amend the contract into a new one. ❑ Rescission: When one party breaches the contract ,. Ans. Section 56 (para 2) of Indian Contract Act, 1872 states that when the performance of a contract becomes impossible or unlawful subsequent to its formation, Case laws and important examples in Indian contract act 1872 Kabita Jha. business law case studies with solution. Yats Bats · 17886416 business-law.