Business Studies, asked by janvibh1987, 11 months ago

What do you mean by Contract ? Explain briefly the essential elements of a valid contract.
Ans.
Meaning of Contract :
A contract is a voluntary, deliberate, legally-binding agreement between two or more competent parties, which defines the legal obligation and authorities of parties.

Answers

Answered by ritikaritikasaini

Answer:

Meaning of Contract :

A contract is a voluntary, deliberate, legally-binding agreement between two or more competent parties, which defines the legal obligation and authorities of parties.

Explanation:

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What do you mean by Contract ? Explain briefly the essential elements of a valid contract. Ans. Meaning of Contract : A contract is a voluntary, deliberate, legally-binding agreement between two or more competent parties, which defines the legal obligation and authorities of parties.

Answers

What do you mean by Contract ? Explain briefly the essential elements of a valid contract.
Ans.
Meaning of Contract :
A contract is a voluntary, deliberate, legally-binding agreement between two or more competent parties, which defines the legal obligation and authorities of parties.