As stated above, an agreement to become a contract must give rise to a legal obligation i.e., a duty enforceable by law. If an agreement…

A contract has been defined in section 2(h) as “an agreement enforceable by law.” To be enforceable by law, an agreement must possess the essential…

There must a ‘lawful offer’ and a ‘lawful acceptance’ of the offer, thus resulting in an agreement. The adjective ‘lawful’ implies that the offer and…

There must be an intention among the parties that the agreement should be attached by legal consequences and create legal obligations. Agreements of a social…

The third essential element of a valid contract is the presence of ‘consideration’. Consideration has been defined as the price paid by one party for…

The parties to an agreement must be competent to contract. But the question that arises now isthat what parties are competent and what are not….

Free consent of all the parties to an agreement is another essential element. This concept hastwo aspects.(1) consent should be made and(2) it should be…

For the formation of a valid contract it is also necessary that the parties to an agreement must agree for a lawful object. The object…

According to the Indian contract Act, a contract to be valid, must be in writing and registered. For example, it requires that an agreement to…

Section 29 of the contract Act provides that “Agreements, the meaning of which is not certain or capable of being made certain, are void.” In…