What is a valid contract?   Valid Contract :- An agreement  enforceable at law is a valid Contract. An Agreement becomes a valid Contract as laid down in Section 10 of Indian Contact Act, 1872 are fulfilling. To read the essential elements of a valid contract laid down in Section 10 of ICA, 1872. Tap the link below Essential elements of a valid contract

What is a Valid Contract? according to  Section10 : All agreements are contract if they are made by free consent of parties, competent to contract, for a lawfully consideration and with a lawfully object and are not expressly declared to be void. 10 essential elements of a valid contract These are the following 10 essential elements of a valid contract:- (1) Offer and Acceptance  : In order to create a valid Contract there must be a lawful offer by one party and a lawful acceptance of the same by other party. (2)  Intention to create legal relationship  :  In case there is no such intention on the part of parties, there is no contract. Example- the leading case in this point Balfour Vs Balfour 1919 An agreement to lunch at a friend's house is not an agreement intending to create a legal relations, agreement between husband and wife, generally lack the intention to create legal relation. (3)  Lawful Consideration  :  Consideration is a essential el...

what is business law? Business law : Business law encompasses all of the law that dictate how to form and run a business. This include all of the laws that govern how to start, buy, manage and close or sell any type of business. Business law establish the rules that all businesses should follow. Business law include State and federal laws, as well as administrative regulations. Salmond says, "law is the body of principles recognized and applied by the state in the administration of Justice"  

What is law? Law :  The law is a set of rules that people are made to follow by the state. The court and police enforce this system of rules and punish people who break the laws. The rule of law is the law which says that government can only legally use it's power in a way the government and peoples agree on.