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"All Contracts Are Agreements But All Agreements Are Not Contract" Explain

All contracts require certain essential elements to be legally valid and binding, such as an offer and acceptance between two parties, mutual consent without misrepresentation or undue influence, lawful consideration, a lawful object, and certainty of terms. However, not all agreements satisfy all these requirements to be considered legal contracts. The document outlines the key elements of a valid contract according to the Indian Contract Act of 1872, and explains how contracts are a subset of agreements more broadly.

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Amarnath Ashok Vibhute
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905 views

"All Contracts Are Agreements But All Agreements Are Not Contract" Explain

All contracts require certain essential elements to be legally valid and binding, such as an offer and acceptance between two parties, mutual consent without misrepresentation or undue influence, lawful consideration, a lawful object, and certainty of terms. However, not all agreements satisfy all these requirements to be considered legal contracts. The document outlines the key elements of a valid contract according to the Indian Contract Act of 1872, and explains how contracts are a subset of agreements more broadly.

Uploaded by

Amarnath Ashok Vibhute
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Q. All contracts are agreements but all agreements are not contract Explain Synopsis I) Introduction a. What is Law?

b. Sources of Law c. Indian Contract Act 1872 d. Meaning of Contract (Chart) II) Essentials of valid Contract Section 10 of Act a. Two parties b. Proper offer and Acceptance c. Intention to create legal relationship d. Free Consent Section 14 of the Act i. Undue Influence ii. Coercion iii. Misrepresentation iv. Mistake v. Fraud e. Capacity of Parties Section 11 of the Act i. Minor ii. Alien Enemy iii. Person of Unsound Mind f. Lawful consideration Section 23 of the Act g. Lawful Object Section 23 of the Act h. Agreement Not Expressly Declared Void i. j. Certainty of meaning and performance Legal formalities i. Registration ii. Writing III) Conclusion a. Diagram

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