The Purpose And Career Scope Of Contract Law
August 5, 2022 ⚊ 1 Min read ⚊ Views 95 ⚊ BUSINESS
The Indian Contract Act came into existence on 1st September 1872. Section 2(h)of the act defined a Contract as an agreement enforceable by law. According to section 2(e) of the act, a set of promises forming consideration is an agreement. The contract refers to an agreement between the parties. A contract can be oral or written but oral contracts have risked so they should be avoided.
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