Types Of Agreement Ppt

Red Fish Kitchen > Types Of Agreement Ppt
  • Date: October 12, 2021
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A valid agreement is deemed valid if it is enforceable in court. Section 2 (h) of the Indian Contracts Act, 1872, provides that “a legally enforceable agreement is a contract” At the beginning of this section, a question is asked, the answer to which is here, that is, only legally enforceable agreements are concluded, which means that they must have a consideration, a legitimate object, that the parties give their consent, that they are compatible and that the contract is not cancelled. If one of the aforementioned conditions is not met, the contract will no longer become a contract. Therefore, it can be said that not all agreements are contracts. .