Tuesday, 27 March 2012

Essential Elements Of A Valid Contract

Essential elements of a Valid Contract what are the Essential elements of a Valid Contract

 

 

Essential elements of a Valid Contract :-
                following are the essential elements of valid contract.

1. Proposal & Acceptance.

2. Consideration.

3. Capacity of parties to contract.

4. Free Consent.

5. Agreement should not be expressly declared void.

6. Writing & Registration, if so required by law.

7. Legal Relationship.

8. Certainty.

9. Possibility of Performance.

10. Enforceable by law.



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