Business Studies, asked by ayushkr241009, 4 months ago

a contract can be entered by two parties even without speaking a word comment on the above-mentioned statement and support your answer with the help of provision of the act​

Answers

Answered by anandrenuka4
10

Explanation:

If an agreement is in writing and registered between two parties in close relation (like blood relatives or spouse), based on natural love and affection, then such an agreement is enforceable even without consideration. Example, Peter and John are brothers

Answered by steffiaspinno
0

Yes a contract can be entered by two parties without even speaking a word.

First of all to enter a contract, there should at least be two parties. in a contract there is a promise between the two parties that should be fulfilled by them. there should also be a consideration between the two parties such as anything that has a value like money, goods or services that has to be fulfilled and which binds both parties to complete the contract. but sometimes, there is a contract between two parties that exists without even speaking a word. it is the case of natural relationships where love, affection and blood relations are the basis which binds the parties to fulfil the contract between them. for example, a father has his legal responsibility towards his son or a responsibility towards your spouse.

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