Question

What is a valid contract? what are the essentials of valid contract?

Answer 1

According to Section 10, "All agreements are contract if they are made by the free consent of the parties, competent to contract, for a lawful consideration and with a lawful object and are not expressly declared to be void. 3.

hope it helps u

Answer 2

Answer:

A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to buyers for a price.

ESSENTIALS OF A VALID CONTRACT:

1. There must be two parties.

2. Subject matter of sale must be 'goods'.

3.Transfer of property in the goods

4.Consideration in price

Explanation: