Contract law definition pdf

Essential elements of a contract
In summary, the elements of contract formation - offer and acceptance, consideration, and the intention to create legal relations - must be present for a contract to be legally binding..
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more mutually agreeing parties.

A contract is a promise or. set of promises of which the law seeks to compel the performance or to punish, the non-performance. Cow icd: A contract may consist

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Contract law definition pdf

Essential elements of a contract