Law of contract llb 1st semester

  • What are the first principles of contract law?

    In common law, there are 3 basic essentials to the creation of a contract: (i) agreement; (ii) contractual intention; and (iii) consideration. 3.
    The first requisite of a contract is that the parties should have reached agreement..

“All agreements are contracts, if they are made – by free consent of the parties, competent to contract, for a lawful consideration and with a lawful object, 

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