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Contract & its elements

Contract & its elements

by Ashfaqul Islam Abir -
Number of replies: 0

Contract: A contract is an agreement between two or more parties about any lawful object.

Elements of contract:

1. Offer & acceptance.

2. Intention to create legal relationship.

3. Capacity to contract.

4. Free consent.

5. Lawful Object.

6. Lawful Consideration.

7. Certainty.

8. Possibility of performance.

9. Legal formalities.