Classification of Contracts
Contracts types may be classified into different categories depending upon their (i) Enforceability, (ii) Mode of Creation and (iii) Extent of Execution. 1. Classification of… Read More »Classification of Contracts
Business Law
Essential Elements of a Valid Contract
Valid Contract Must have The following Elements: 1. Agreement The agreement means communication by the parties to one other their intention to create relationship. This… Read More »Essential Elements of a Valid Contract
Essential Elements of a Contract
Definition According to William Anson__“It is an agreement enforceable at law made between two or more persons,by which rights are required by one or more… Read More »Essential Elements of a Contract
Essential Elements of Consideration
Essential Elements of Consideration 1. It should be furnished at the desire of the promisor The first essential element in the definition of ‘Consideration’ is… Read More »Essential Elements of Consideration
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