What are enforceable by law in India?
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Enforceable law definition means that an agreement has been made by two or more parties and includes the components of a valid contract. For a contract to be valid, there must be an offer, a consideration, and the parties involved must be of full mental capacity.
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Explanation:
The Indian Contract Act 1872, section 2(e), defines an agreements as "every promise and every set of promises, forming the consideration for each other is an agreement."
A promise is essentially an offer or a proposal, made by a person or an entity, towards another. The assent of the other, results in the acceptance of the offer; thereby creating an agreement.
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