Definition of Contract


Contract is agreement between two or more parties which can be apply with law. It is done by competent parties.

As per section 2(h), ” An agreement enforceable at law is a contract.”

Any agreement which creates  the responsibility of the parties of agreement, will be the contract. In the contract, one party offers and other party gives his acceptance.


More Like This

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>