The essential elements of contracts(Badhon)

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The essential elements of contracts(Badhon)

  1. 1. The essential elements of contractDefinition of Contract:An agreement enforceable by law is a contract.Some agreements can not be enforced through the courtsof law. For example, an agreement to play cards or go to acinema.
  2. 2. The essential elements of contract:Offer and acceptanceIntention to create legal relationshipLawful considerationCapacity of partiesFree consentLegality of the objectCertaintyPossibility of performanceVoid agreementsWriting, registration and legal formalities
  3. 3. Method of formation of a contract:Express contractImplied contractQuasi contractThe time of performance of a contract:Executed contractExecutory contract

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