Contract law kya hai
- A Valid Contract is defined as an agreement that can be enforced by law under the Contract Act, 1872.
To consider a contract valid, it is essential that it can be enforced by law.
All the essential elements should be there in the agreement. - Five main principles of Contract Law: Offer and acceptance, consideration, intention to create legal relations, capacity, and legality.
Consideration contract law involves the mutual exchange of value between parties, such as money, goods, services, or promises, in order to make the contract legally enforceable.
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more mutually agreeing parties. Wikipedia
Contract law is a body of law that governs, enforces, and interprets agreements related to an exchange of goods, services, properties, or money. According to contract law, an agreement made between two or more people or business entities, in which there is a promise to do something in return for a gain or advantage, is legally binding.Law of contracts in India defines Contract as an agreement enforceable by law which offers personal rights, and imposes personal obligations, which the law protects and enforces against the parties to the agreement.
