Contract law pakistan pdf

  • What is contract law in Pakistan?

    Contract law is a body of law which encompasses an agreement between private parties creating mutual obligations enforceable by law, basic elements required for the legally enforceable contract are mutual assent, expressed by a valid offer and acceptance, adequate consideration, capacity and legality, an agreement .

  • Essential Elements of a Valid Contract
    Proper offer and proper acceptance.
    There must be an agreement based on a lawful offer made by person to another and lawful acceptance of that offer made by the latter.
    Section 3 to 9 of the Contract Act, 1872 lay down the rules for making valid acceptance.

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