Today question
Today question Define contract State the essential element of a valid contract ? The term contract is derived from Latin word contractum which means drawn together.a contract brings or draws the parties together and establishes legal relationship between them .an agreement which can be enforced through the cou9rts of law is called a contract . Ok Essential elements of a valid contract A . offer and acceptance There must be lawful offer by one party and lawful acceptance by another party . B. intension to create legal relationship The parties must keep intention of legal relationship if there is no intention of legal relations otherwise such contract will become social agreement only . Case Balfour v/s Balfour C. lawful consideration An agreement must be supported by lawful consideration.consideration means something in return without lawful consideration any agreement is void . Example a promise b for public services for 50 k...