Essential elements of a contract Lecture by Mr. P.C Jangir, BCom I Year( Business Law).

291 views · Published 2 July 2013 · 4:55 · Indexed 28 October 2026

Channel: Guru Kpo · 2013 · Education

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This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. The term contract is defined under section 2(h) in agreement' enforced by law is a contract. There must be at least two or more parties. Essential Elements of a Contract are follows:
1. There must be an agreement 
2. Intension to create legal relation
3. Free consent of [parties 
4. Law full object of the parties 
5. Lawful consideration

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