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Material 468 6979B229e6c9a5.20981519 by Lakshmi Jayakumar is a document available to read on EtoBox.

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The Indian Contract Act defines a contract as an agreement made with free consent by competent parties for lawful consideration and object. It outlines various types of contracts, including item rate, percentage rate, lump-sum, and cost-plus contracts, each with specific payment structures and conditions. Additionally, it distinguishes between agreements and contracts, emphasizing that not all agreements create legal obligations.

Author
Lakshmi Jayakumar
Language
EN

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