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Prof. Jenny Pinto delivered this lecture for Technical Writing course at Laxmibai National Institute of Physical Education. It includes: Contract, Act, Enforceability, Proposal, Essentials, Registration, Free, Consent, Competency
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Section 10 of contract act lays down that” All agreements are contracts if they are made by the free consent of parties, competent to contract, for a lawful consideration and with a lawful object and are not hereby expressly declared to be void. Where necessary they must satisfy the requirements of law regarding writing and registration”.
Consent is said to be free if it is not the result of coercion, undue influence, fraud or misrepresentation.
Parties to a contract are competent if they are of the prescribed age of majority, are of sound mind and are not disqualified by law.
Following agreements are declared void by law:
Contracts can be classified into the following four categories:
According to Performance:
According to Parties: