Essentials of valid contract under the Indian Contract Act, 1872

Essentials of valid contract under the Indian Contract Act, 1872AbstractEssentials of a valid contract are of such significance that without which the contract is void. In today's world, the use of the word 'contract' is quite common and easy. Regularly, we enter into a contract with friends, family, at work, etc. without knowing all the essentials which are important and necessary for a valid contract. This paper studies all the essentials of a valid contract with the related case laws and illustrations.Let’s understand the term ‘contract’ in its legal terms –As per section 2(h) of the Indian Contract Act, 1872...