Indian Contract Act 1872

A contract as defined by section 2(h) of the indian contract act 1872 is defined as the

a)Agreement
b)Enforceable by Law

The section 2(e) of the indian contract law 1872 defines agreement as the reciprocal of promises.

The section 2(b) of the indian contract law 1872 defines the promise is a accepted proposal

The section 2(a) of the indian contract law 1872 defines the  proposal as expression of willingness with a view to seek the assent of the other.

What agreements are contracts?

Enforceability by Law

• Illegal Agreements.(Smuggling,Killing)
• Social Agreements(Balfour Vs Balfour)

Agreement Declared Void under Indian contract act (1872) 

a)agreement with or by a minor
b)agreement in resistant of trade
c)Marriage brokerage contract
d)Betting agreement

Essential Elements of a Valid Contract

a)Agreement
b)Meeting of minds
c)Intention to create a legal Relationship
d)Free and genuine consent
    a)No coercion
    b)Under influence
    c)fraud
    d)misinterpretation
    e)mistake