Definition of Contract
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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.
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Prof. Vinod Kumar has received the post graduate degree in Commerce from ...