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What is Essential Elements of Valid Contracts about?
The essential elements of a valid contract are: 1) offer and acceptance, 2) intention to create legal obligations, 3) lawful consideration, 4) capacity of parties, 5) free consent, 6) lawful object, 7) writing and registration if required by law, 8) certainty of terms, 9) possibility of performance, and 10) the agreement is not void under the Indian Contract Act. To be enforceable, a contract must meet all of these elements as outlined in Sections 10, 29, and 56 of the Act.
- Author
- Babitakumari_789
- Language
- EN