Question

define contract with an example according to contract act 1872​

Answer 1

Answer:

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Answer 2

In very basic terms,the Indian Contract Act of 1872 defines an official contract as any agreement that is enforceable or implementable by law or the official legal system.

Explanation:

Based on the conception of contract under the Contract Act of 1872,a contract can be officially acknowledged only if it can be enforced or implemented by the official legal system of the country.Any exception to or violation of this fundamental requirement would lead to the nullification of the contract.In order to validate a contract or official agreement,it has to be approved and enforceable by the legal system under the official consent of the parties involved in the contract or agreement and not any external or unrelated party or parties.