Law of contract

 Historical background of law of contract

Indian contract law 1872

25th April 1872 draft 

1 September 1872 commencement

Substantive law 

Transcational law 

Not exhaustive law 

Proposal 

Offer 

Acceptance 

Agreement 

Essential of  void contract 

Compentancy

Consideration 

Free consent 

Lawful object 

Contract not voidable by law 

Intention to create legal relationship 

Legal formalities must be completed 












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