Free essay: business law i sem mba one mrks questions: 1 what is void agreement void means having no legal value and agreement means arrangement, promise. A contract is a voluntary arrangement between two or more parties that is enforceable by law as a binding legal if the contract is not required by law to be. In such agreements no legal duty is imposed on any party such agreements are social agreements which do not give rise to legal consequences to make a contract, an agreement must be.
According to section 2(h) of the indian contract act,1872 the term contract is defined as “an agreement enforceable by law” on analysing the the definition we find that the contract is. Q an agreement enforceable by law is a contract as per section 2(h) of indian contract act 1872 but agreements enforceable by law have been defined in section 10.
Although there are specific situations in which a contract has to be written to be enforceable under what is called the “statute of frauds,” in general, a contract does not have to be in.
This essay has been submitted by a law student this is not an example of the work written by our professional essay writers a legally enforceable agreement between two or more parties. The indian contract act, 1872 prescribes the law relating to contracts in india void agreement 2(g):- an agreement not enforceable by law is void 10.
An enforceable contract is any legal contract which carries the force of law behind it it is a legal agreement between two parties which is legal binding.
Unenforceable contracts: what to watch raise the price was not enforceable against state or federal law (you can never enforce a contract for an.
If you have concerns that your contract may not be enforceable under the law, or you need help drafting a contract for your business.Download