India Contract Act, 1872
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India Contract Act, 1872 Unit II
Contract : Definition A
proposal when accepted becomes a promise. Every promise and every set of promises, forming consideration for each other, is agreement. An agreement enforceable by law is a contract.
Essentials of a Valid Contract Offer
and Acceptance Lawful Consideration Capacity of Parties Minors,
Lunatics, Drunkards, Idiots, Alien Enemy, Convicts, etc. are incompetent.
Free
and Genuine Consent Lawful Object Certainty and Possibility of Performance Legal Formalities
Contract : Definition A
proposal when accepted becomes a promise. Every promise and every set of promises, forming consideration for each other, is agreement. An agreement enforceable by law is a contract.
Essentials of a Valid Contract Offer
and Acceptance Lawful Consideration Capacity of Parties Minors,
Lunatics, Drunkards, Idiots, Alien Enemy, Convicts, etc. are incompetent.
Free
and Genuine Consent Lawful Object Certainty and Possibility of Performance Legal Formalities
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