Question

. Define contract, discuss the conditions of a valid contract under the Indian Contract Act.  

16 Mar 2023
Answer :
Word Count : 536

A contract is a legally binding agreement between two or more parties, creating obligations that they are obligated to fulfill. For a contract to exist, certain elements must be present, and these are often referred to as the essential elements of a valid contract. These elements are crucial in differentiating a mere promise or agreement from a legally enforceable contract.

Conditions of a Valid Contract under the Indian Contract Act:

  1. Offer and Acceptance (Proposal and Acceptance):

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