Common Contracts
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Meaning of ContractContract • April 17th, 2020
A contract is an agreement which is made between at least 2 people in which both of them agree to perform an act or abstain from doing the act in return for some consideration. Section 2(h) of the Indian Contract Act has defined a contract as an agreement which is enforceable by law. Thus when an agreement is not against the provisions of law it is a contract.
