Question

define the term contract??​

Answer 1

Answer:

A contract is a legally enforceable agreement that creates, defines, and governs mutual rights and obligations among its parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date

Answer 2

A contract can be defined as an agreement between two parties.

Explanation:

1. A contract can be defined as a verbal or written agreement between two or more parties to perform a task in return for monetary consideration.
2. In legal terms in India, a contract should be formed between two or more parties.
3. A contract cannot be legally enforceable without monetary consideration.
4. A contract should be made freely without any external coercion or influence in order for it to be enforceable.
5. A minor cannot enter into a contract in India.