Section 2 (h) of Indian Contract Act, 1872 defines ‘Contract’
“An agreement enforceable by law is called as contract.”
Contract = Agreement + Enforceability
The key components of this definition involve two fundamental elements: “agreement” and “enforceability by law.”
1. Agreement:
An agreement arises when one person makes a proposal or offer to another, and the other person accepts it. Thus, an agreement is composed of an offer and an acceptance.
2. Enforceability by Law:
For an agreement to be considered a contract, it must create legal obligations between the parties involved. This means that if one party fails to fulfill their part of the agreement, the other party can seek enforcement through the legal system.
Elements of a Valid Contract
To further understand the concept of a contract under the Indian Contract Act, 1872, it is essential to consider the elements that make an agreement legally enforceable. These include:
1. Offer and Acceptance: There must be a clear offer by one party and an unqualified acceptance by the other.
2. Legal Purpose: The purpose of the contract must be lawful.
3. Lawful Consideration: There must be something of value exchanged between the parties.
4. Capacity: The parties must have the legal capacity to enter into a contract, meaning they are of legal age, sound mind, and not disqualified by law.
5. Free Consent: Consent of the parties must be free and not obtained through coercion, undue influence, fraud, misrepresentation, or mistake.
6. Certainty and Possibility of Performance: The terms of the contract must be clear and the performance must be possible.
7. Not Declared Void: The contract should not be one which is expressly declared void under the Indian Contract Act or any other law.
Types of Contracts
The Indian Contract Act, 1872 recognizes various types of contracts, including:
1. Express and Implied Contracts: Express contracts are stated in words (written or spoken), while implied contracts are inferred from the actions or conduct of the parties.
2. Bilateral and Unilateral Contracts: Bilateral contracts involve mutual promises between two parties, whereas unilateral contracts involve a promise by one party in exchange for the performance of an act by the other.
3. Contingent Contracts: These are contracts that depend on the happening or non-happening of a specific event.
4. Quasi-Contracts: These are not actual contracts but are treated as such by law to prevent unjust enrichment.
Important Sections
-Section 2(h): Defines a contract as an agreement enforceable by law.
– Section 2(e): Defines an agreement as every promise and every set of promises forming the consideration for each other.
– Section 10: Lays down the conditions for enforceability, such as lawful consideration, free consent, competent parties, etc.
Conclusion:
The Indian Contract Act, 1872 provides a comprehensive legal framework for the creation and enforcement of contracts in India. By defining what constitutes a contract and outlining the essential elements that make an agreement legally binding, the Act ensures clarity and consistency in contractual dealings.
Books Recommended: Check it Out
1. Beatsen (ed.)-Anson’s Law of Contract : (27th Ed. 1998)
2. Anson-Law of Contract (1998), Universal, Delhi
3. Pollock and Mulla-Indian Contract Act
4. Avtar Singh-Law of Contract, Eastern Book Co.(Lucknow)
5. S.K.Kapoor- Samvidha Vidhi (Hindi)
Thank you for another great post. Where else may anyone
get that kind of information in such an ideal
means of writing? I’ve a presentation subsequent week, and I’m at the look for
such information.
The efficient transition from prototype to production with Mantle’s 3D technology is notable.
The accuracy that Mantle’s 3D technology provides in rapid tooling is truly
revolutionary.
It would be fascinating to investigate how Mantle
3D can help in producing molds for high-performance plastics, especially in sectors like medical or aerospace.
Thank you everyone for liking our work.
https://solo.to/kobet1
https://www.outlookindia.com/plugin-play/ED8590ED8590EBB2B3-EB8F99EC9DBC-EC8694EBA3A8EC8598-EBA994EC9DB4ECA080EC82ACEC9DB4ED8AB8-EBAAA8EC9584EBB3B4EAB8B0
http://old.remain.co.kr/bbs/board.php?bo_table=free&wr_id=1556938
https://e-spoclub.com/bbs/board.php?bo_table=free&wr_id=73267
https://sportsaipick.com/bbs/board.php?bo_table=free&wr_id=99612
http://kimtec.co.kr/bbs/board.php?bo_table=free&wr_id=388892
http://www.seoulschool.org/bbs/board.php?bo_table=free&wr_id=156592
https://kayurveda.co.kr/bbs/board.php?bo_table=free&wr_id=126883
Hey I am so delighted I found your site, I really found you by error,
while I was researching on Digg for something else, Nonetheless I am here now and would just like to say thanks a lot for a incredible post and a all round entertaining blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have book-marked
it and also added your RSS feeds, so when I have time
I will be back to read a great deal more, Please do keep up the excellent work.
Hi, everything is going well here and ofcourse every
one is sharing facts, that’s in fact excellent, keep up writing.
you’re in point of fact a just right webmaster. The website loading speed
is incredible. It kind of feels that you’re doing any unique trick.
Furthermore, The contents are masterwork. you’ve done a fantastic task in this topic!
Hey very nice blog!
What’s up, after reading this awesome paragraph i am too glad to
share my familiarity here with mates.
After I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is
added I get 4 emails with the same comment.
There has to be a means you can remove me from that service?
Thanks!
Appreciate the recommendation. Let me try it
out.
Thank you for the auspicious writeup. It in fact was a amusement account it.
Look advanced to more added agreeable from you!
However, how could we communicate?
Write more, thats all I have to say. Literally, it seems as
though you relied on the video to make your point. You obviously know what youre talking
about, why throw away your intelligence on just posting videos to
your site when you could be giving us something enlightening to read?
Good article. I’m facing a few of these issues as well..
I am curious to find out what blog system you’re utilizing?
I’m experiencing some minor security problems with my latest website and I’d like to find something more risk-free.
Do you have any suggestions?
https://www.hongcheon.go.kr/museum/bbs/board.php?bo_table=free&wr_id=593083
Heya i am for the first time here. I found this board and I find It really useful & it helped me
out much. I hope to give something back and aid others
like you aided me.
My brother suggested I may like this blog. He was entirely right.
This put up actually made my day. You can not believe just how much time I had spent for
this info! Thank you!
This is a great tip particularly to those new to
the blogosphere. Short but very accurate info… Many thanks for sharing this one.
A must read article!
Link exchange is nothing else however it is only placing
the other person’s blog link on your page at
suitable place and other person will also do similar
in support of you.
Excellent article. I definitely love this site. Keep it up!
Amazing! Its actually amazing piece of writing, I have got much clear idea
on the topic of from this piece of writing.
Aw, this was an incredibly nice post. Taking a few
minutes and actual effort to create a really good article… but what can I say… I put things off
a whole lot and never manage to get nearly anything done.
Yes! Finally something about naga169.
Thank you for the good writeup. It in fact was a amusement
account it. Look advanced to far added agreeable from you!
However, how could we communicate?
This is my first time pay a quick visit at here and i am truly impressed to
read everthing at alone place.
you’re really a excellent webmaster. The website loading
speed is amazing. It sort of feels that you’re doing any unique trick.
Also, The contents are masterpiece. you have done a
excellent process in this subject!
This is a topic that is close to my heart…
Many thanks! Where are your contact details though?
I am extremely impressed with your writing skills
as well as with the layout on your weblog. Is this
a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it is rare to see a great blog like this one nowadays.
I just could not leave your web site before suggesting that I extremely loved the
usual info an individual supply to your guests?
Is gonna be again regularly in order to check up on new
posts
Aw, this was an exceptionally nice post. Finding the time
and actual effort to make a top notch article… but what can I say… I put things off a whole lot and
don’t seem to get nearly anything done.
After I originally left a comment I seem to have
clicked on the -Notify me when new comments are added- checkbox and from
now on each time a comment is added I recieve four emails with the same
comment. Perhaps there is an easy method you can remove
me from that service? Cheers!
My family members always say that I am killing my time here at net, however I know I
am getting experience every day by reading such fastidious articles or reviews.
You really make it seem so easy along with
your presentation but I to find this matter to be really something that
I believe I might by no means understand. It kind of feels too complicated
and extremely huge for me. I am looking ahead in your next submit, I’ll try to
get the hold of it!
hi!,I really like your writing so much! proportion we communicate extra about your post on AOL?
I require a specialist in this house to unravel my problem.
May be that’s you! Having a look ahead to see you.
Wonderful work! This is the kind of info that are meant to be shared around the internet.
Shame on Google for now not positioning this post higher!
Come on over and seek advice from my site . Thank you =)
You’ve made some good points there. I checked on the internet
for more info about the issue and found most individuals will go along with your views on this site.
I am regular reader, how are you everybody? This paragraph
posted at this website is actually nice.
What’s up to all, as I am genuinely eager of reading this web site’s
post to be updated regularly. It includes fastidious material.
Hello, I think your website might be having browser compatibility issues.
When I look at your website in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that, superb blog!
There’s definately a lot to learn about this subject.
I love all of the points you have made.
Today, I went to the beach with my kids. I found a sea shell and
gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.”
She placed the shell to her ear and screamed.
There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is entirely off topic but I had to
tell someone!
Hello There. I discovered your weblog using msn. That is a very neatly written article.
I’ll make sure to bookmark it and come back to read extra of your helpful info.
Thank you for the post. I’ll definitely return.
Hello, this weekend is nice designed for me, for the reason that this point
in time i am reading this wonderful informative paragraph here at my home.
I was suggested this website by my cousin. I’m not
sure whether this post is written by him as nobody else know such detailed about my trouble.
You are wonderful! Thanks!
Hello! Do you know if they make any plugins to assist with Search Engine
Optimization? I’m trying to get my blog to rank
for some targeted keywords but I’m not seeing very good gains.
If you know of any please share. Kudos!
I’m amazed, I have to admit. Seldom do I come across a blog that’s equally educative
and amusing, and without a doubt, you’ve hit the nail on the head.
The issue is something which not enough men and women are speaking intelligently about.
Now i’m very happy that I stumbled across this in my search for
something relating to this.
http://daekwanges.com/bbs/board.php?bo_table=free&wr_id=12375
I have read so many articles on the topic of the
blogger lovers except this paragraph is genuinely a
fastidious post, keep it up.
Great beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog site?
The account helped me a acceptable deal. I had been a little bit acquainted of
this your broadcast offered bright clear concept
I constantly emailed this weblog post page to all my contacts, for the reason that if like to read it afterward my
links will too.
Do you mind if I quote a couple of your articles as long as I provide
credit and sources back to your website? My website is in the very same niche as yours and
my visitors would definitely benefit from some of the information you provide here.
Please let me know if this alright with you. Thank you!
I loved as much as you will receive carried out right here.
The sketch is tasteful, your authored subject matter stylish.
nonetheless, you command get got an impatience over that you wish be
delivering the following. unwell unquestionably come more formerly again as exactly the same nearly very often inside case
you shield this increase.
Hello, I enjoy reading through your article post.
I wanted to write a little comment to support
you.
Thanks for finally writing about > Meaning of Contract – JurisPost < Liked it!
I’ve been browsing online more than 4 hours today, yet I never found any interesting article like yours.
It’s pretty worth enough for me. In my opinion, if all webmasters and
bloggers made good content as you did, the
web will be a lot more useful than ever before.
Hello! This is kind of off topic but I need some help from an established blog.
Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast.
I’m thinking about setting up my own but I’m not sure where to start.
Do you have any tips or suggestions? Many thanks
whoah this blog is fantastic i love reading your posts.
Keep up the good work! You understand, many people are searching round for
this information, you can aid them greatly.
Very good site you have here but I was wanting to know if you knew of
any forums that cover the same topics discussed
here? I’d really love to be a part of community where I
can get feed-back from other knowledgeable people that share the same interest.
If you have any recommendations, please let me know. Many thanks!
It is not my first time to pay a quick visit this web site, i am
visiting this site dailly and take nice data from here all
the time.
http://www.khuortho-ce.ac.kr/g5/bbs/board.php?bo_table=free&wr_id=1373456
https://zenwriting.net/cinemadime59/risk-free-and-reliable-casinos-recommendations
Does your website have a contact page? I’m having a tough time locating
it but, I’d like to send you an email. I’ve got some ideas for your blog you might be interested
in hearing. Either way, great site and I look forward to seeing it develop over time.
Hello! Do you use Twitter? I’d like to follow you if that
would be okay. I’m absolutely enjoying your blog and look
forward to new updates.
This is my first time go to see at here and i
am in fact pleassant to read everthing at one place.
Valuable info. Fortunate me I found your site by chance, and I’m shocked why this twist of fate didn’t took place in advance!
I bookmarked it.
When someone writes an post he/she retains the idea of a user in his/her brain that how a user can understand it.
Thus that’s why this article is perfect. Thanks!
I take pleasure in, cause I discovered exactly what I was having a look for.
You’ve ended my 4 day long hunt! God Bless you man. Have a great day.
Bye
Hi there! This blog post could not be written much better!
Looking through this article reminds me of my previous roommate!
He continually kept preaching about this. I am going to send this information to him.
Pretty sure he’ll have a very good read. Thank you for sharing!
You should take part in a contest for one of the best
sites on the net. I’m going to highly recommend this site!
I am regular visitor, how are you everybody?
This piece of writing posted at this website is in fact fastidious.
I’d like to thank you for the efforts you have put in writing this blog.
I really hope to view the same high-grade blog posts by you
later on as well. In fact, your creative writing abilities has motivated me to get my own blog
now 😉
I’m not that much of a internet reader to be honest but your
sites really nice, keep it up! I’ll go ahead and bookmark
your website to come back later. Cheers
Have you ever considered about adding a little bit more than just your
articles? I mean, what you say is fundamental and
all. But think about if you added some great visuals or video clips to give your posts more, “pop”!
Your content is excellent but with pics and videos, this site could definitely be one of the most beneficial in its
niche. Amazing blog!
Fantastic site. A lot of helpful information here. I am sending it to a few
buddies ans also sharing in delicious. And naturally, thanks in your effort!
I am truly glad to glance at this blog posts
which includes plenty of valuable facts, thanks for providing such data.
Thanks very interesting blog!
Today, I went to the beachfront with my children. I
found a sea shell and gave it to my 4 year old daughter
and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed.
There was a hermit crab inside and it pinched her ear. She never wants to go back!
LoL I know this is totally off topic but I had to tell someone!
Dance, dine, and play to win at your go-to casino in Delaware,
open 24 hours on Fridays and Saturdays and from eight a.m.
Review my webpage – 파워볼
Hey there this is kinda of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML.
I’m starting a blog soon but have no coding skills so I
wanted to get advice from someone with experience. Any help would be greatly
appreciated!
Hello, Neat post. There’s an issue with your web site in internet explorer, might test this?
IE still is the marketplace chief and a big part of other people will omit your great writing because of this problem.
Heya just wanted to give you a brief heads up and let you know a
few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue.
I’ve tried it in two different browsers and both show the same outcome.
Good day! Do you know if they make any plugins to protect against hackers?
I’m kinda paranoid about losing everything I’ve worked hard on. Any suggestions?
Excellent way of telling, and nice paragraph to obtain data
about my presentation subject, which i am going to
convey in institution of higher education.
I am extremely impressed with your writing skills and also with the layout on your blog.
Is this a paid theme or did you modify it yourself?
Anyway keep up the nice quality writing, it
is rare to see a nice blog like this one today.
In thos instance, the San Francisco 49ers are the -7
point favorites to win the game.
Stop by my blog :: get more info
Join a vibrant casino neighborhood to evaluate operators, test games for cost-free, and see
what other fellow players are sharing.
My page; 카지노사이트
Becoming in a position to fund your account rapidcly and appropriately iss
essential.
Here iss my web-site Click here
What a information of un-ambiguity and preserveness of valuable knowledge regarding unexpected emotions.
My partner and I stumbled over here from a different website and thought I should check things
out. I like what I see so now i am following you.
Look forward to looking at your web page yet again.
What’s up, I would like to subscribe for this webpage to take newest updates,
therefore where can i do it please help out.
Howdy this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML.
I’m starting a blog soon but have no coding know-how so I wanted to get guidance from someone with
experience. Any help would be enormously appreciated!
Hello, I enjoy reading through your post. I wanted to write
a little comment to support you.