For an agreement to be legally valid must have the essentials of valid contract as per section of the Indian contract act. A contract arises when the parties concur that there is an agreement. A contract is a voluntary arrangement between two or more parties that is enforceable as a binding legal agreement. Aug Define the term contract and agreement discuss the essential of valid contract or describe the requirements of a valid contract. Sec 2(h) defines contract “as an agreement enforceable by law”.
It is one of the essentials of valid contract. There must an offer and . A contract has been defined in section 2(h) as “an agreement enforceable by law. It is revealed that the following are the essentials of a valid contract :- 1. Mar In simple words, a contract is an agreement made between,two or more persons to do or to abstain from doing a particular act. Agreements, the meaning of which is uncertain (Sec.
29). What are the essential elements for a contract to be. Oct What is a contract ? Explain its essential elements. Feb More from www. Its essential elements - LAWNN https://lawnn.
Aug So, in order to be enforceable, a contract must contain all the essential elements of a valid contract as defined in Section of teh Indian . When an offer is being made, the other party or person would know what is being offer and what the person or party who. It is essential to have this element in a contract. A valid contract is enforceable by law and if a contract is not valid it may lead to obstruction of. Both the parties must have either what is known as a legal existence e.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.