Business Studies, asked by keerthi12753, 5 months ago

define contract an agreement creating and defining obligations between the parties in contract​

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Answered by suhani5377
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A contract is an agreement between two or more persons creating rights & duties and which is enforceable by law. ... We can define the agreement when the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal when it is accepted becomes a promise.

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