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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