CA Inter Law Contract ACT Handwritten Notes PDF

CA Inter G1, CA Intermediate, Chapter 1: The Indian Contract Act, 1872, P2: Corporate and Other Laws, Part II: Other Laws Leave a comment

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We are Sharing With You CA Inter Law Contract ACT Handwritten Notes. So kindly Check Out our http://www.castudynotes.com website and ALL the Best for Your Upcoming Exams.

CA STUDY NOTES

The law relating to contract is governed by the Indian Contract Act, 1872. The Act came
into force on the first day of September, 1872. The preamble to the Act says that it is an
Act “to define and amend certain parts of the law relating to contract”. It extends to the
whole of India except the State of Jammu and Kashmir.

As per section 2(h) of the Indian Contract Act, 1872, contract means “an agreement
enforceable by law”.
Essential elements of a valid contract
Sec. 10 of Indian Contract Act says, “All, agreements are contracts if it includes:

  • Offer and Acceptance
  • Intention to create legal relationship
  • Lawful consideration and object
  • Capacity to contract
  • Free consent
  • Lawful object
  • Agreement not expressly declared void.
  • Consensus -ad- idem i.e. meeting of minds
  • Certainty of meaning
  • Possibility to perform
  • Legal formalities

Download Contract ACT Handwritten PDF Notes

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