{"id":334,"date":"2024-04-16T07:29:58","date_gmt":"2024-04-16T07:29:58","guid":{"rendered":"https:\/\/highlawgroup.in\/?p=334"},"modified":"2025-05-17T18:26:15","modified_gmt":"2025-05-17T18:26:15","slug":"contact-of-india-1872-introduction-of-contract-meaning-of-contract-esseatial-of-contract","status":"publish","type":"post","link":"https:\/\/highlawgroup.in\/index.php\/2024\/04\/16\/contact-of-india-1872-introduction-of-contract-meaning-of-contract-esseatial-of-contract\/","title":{"rendered":"what is contract | Introduction of contract, meaning of contract | Esseatial of Contract"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"334\" class=\"elementor elementor-334\">\n\t\t\t\t<div class=\"elementor-element elementor-element-716cdcc e-flex e-con-boxed e-con e-parent\" data-id=\"716cdcc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5eec24d elementor-widget elementor-widget-heading\" data-id=\"5eec24d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Introduction <\/h5>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-38083ef e-flex e-con-boxed e-con e-parent\" data-id=\"38083ef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d7c0135 elementor-widget elementor-widget-text-editor\" data-id=\"d7c0135\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<blockquote><p>Indian Contract Act was enacted on 25 May 1872 and the word &#8216; Contract &#8216; has derived from the Latin word &#8216;Contract&#8217;\u00a0\u00a0which means to work on contract. The contract comes into force on 1st September 1872.<\/p><p>It extends to the whole of India except Jammu and Kashmir before 31 October 2019.<\/p><p>\u00a0<\/p><\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12e4b85 elementor-widget elementor-widget-heading\" data-id=\"12e4b85\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Definetion<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77a6d0c elementor-widget elementor-widget-text-editor\" data-id=\"77a6d0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>\u00a0The term Contract is difines under section 2(h) of Indian Contract Act,1872. section 2(h) of the Indian Contract Act, of 1872 provides that an agreement enforceable by law is a contract.<\/li><li>The agreement is difine under section 2(e) of Indian Contract Act,1872. it is provided that every promise and every set of promises forming consideration for each other is an agreement.<\/li><li>the promise difines\u00a0 under section 2(b) of India Contract Act, 1872. it is provided that a proposal when accepted becomes a promise, thus we can say that a proposal when accepted becomes a promise, and every set of promises is an agreement. Such agreements are enforceable by law, which is called a contract.\u00a0<\/li><li>For example, &#8216;A&#8217; asks &#8216;B&#8217; if you will buy my car for Rs 5 lac, and &#8216;B&#8217; replies, &#8216; Yes, I will buy your car for 5 lac. This is an acceptance form &#8216;B&#8217; and section 2(b) says that a proposal when accepted becomes a promise therefore &#8216;A&#8217; and &#8216;B&#8217; between a contract.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a2fda13 e-flex e-con-boxed e-con e-parent\" data-id=\"a2fda13\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9e69840 elementor-widget elementor-widget-image\" data-id=\"9e69840\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"677\" height=\"348\" src=\"https:\/\/highlawgroup.in\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-16-112800.webp\" class=\"attachment-large size-large wp-image-336\" alt=\"\" srcset=\"https:\/\/highlawgroup.in\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-16-112800.webp 677w, https:\/\/highlawgroup.in\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-16-112800-300x154.webp 300w\" sizes=\"(max-width: 677px) 100vw, 677px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-942b01b e-flex e-con-boxed e-con e-parent\" data-id=\"942b01b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-74bd811 elementor-widget elementor-widget-heading\" data-id=\"74bd811\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Two Parties<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a9c3dc elementor-widget elementor-widget-text-editor\" data-id=\"7a9c3dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To constitute a contract, there must be a valid offer and acceptance. The person who offers or makes an offer is called the offeror (promisor) and the other person\/party who accepts the offer is called the acceptor (promisee) therefore in every contract, there must be at least two parties (offeror and acceptor).<\/p><p><a href=\"https:\/\/highlawgroup.in\/index.php\/2024\/04\/18\/type-of-contract-based-on-the-validity-enforceability\/\">https:\/\/highlawgroup.in\/index.php\/2024\/04\/18\/type-of-contract-based-on-the-validity-enforceability\/<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-774afbf elementor-widget elementor-widget-heading\" data-id=\"774afbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Lawful Consideration<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2919411 elementor-widget elementor-widget-text-editor\" data-id=\"2919411\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000; font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: var(--wp--preset--color--base); font-size: var(--wp--preset--font-size--body-text);\">Lawful consideration: Consideration is one of the most essential elements of a contract. The term consideration is defined under section 2(d) of the Contract Act. Proved that, when at the desire of the promisor, the promise or any other person has done or abstained from doing or does, or abstains from doing, or promises to do or to refrain from doing. Something, such act or promise is called a consideration.<\/span><\/p><p><b><u>Note:\u00a0<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); background-color: var(--wp--preset--color--base); font-size: var(--wp--preset--font-size--body-text);\">Consideration can be past, present, or future<\/span><\/u><\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e93c84 elementor-widget elementor-widget-heading\" data-id=\"8e93c84\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Free Consent<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-908288c elementor-widget elementor-widget-text-editor\" data-id=\"908288c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Section 13 of the Indian Contract defines consent. It provides that two or more persons are said to consent when they agree upon the same thing in the same sense and at the same time.<\/span><\/p><p><span style=\"color: #000000;\">Free Consent is defined under section 14.<\/span><\/p><p><span style=\"color: #000000;\">Consent is said to be free when it is not caused by the law following factors:<\/span><\/p><p><span style=\"color: #000000;\">1) Coercion {<span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: var(--wp--preset--color--base); font-size: var(--wp--preset--font-size--body-text);\">section (15)}<\/span><\/span><\/p><p><span style=\"color: #000000;\"><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: var(--wp--preset--color--base); font-size: var(--wp--preset--font-size--body-text);\">2) Under Influence {s<\/span><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: var(--wp--preset--font-size--body-text); background-color: var(--wp--preset--color--base);\">ection (16)}<\/span><\/span><\/p><p><span style=\"color: #000000;\"><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: var(--wp--preset--font-size--body-text); background-color: var(--wp--preset--color--base);\">3) Fraud {<\/span><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: var(--wp--preset--font-size--body-text); background-color: var(--wp--preset--color--base);\">section (17)}<\/span><\/span><\/p><p><span style=\"color: #000000;\"><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: var(--wp--preset--color--base); font-size: var(--wp--preset--font-size--body-text);\">4) Misrepresentation {<\/span><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: var(--wp--preset--font-size--body-text); background-color: var(--wp--preset--color--base);\">section (18)}<\/span><\/span><\/p><p><span style=\"color: #000000;\"><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: var(--wp--preset--color--base); font-size: var(--wp--preset--font-size--body-text);\">5) Mistake {<\/span><span style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: var(--wp--preset--font-size--body-text); background-color: var(--wp--preset--color--base);\">section (20,21,22)}<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-926ab52 elementor-widget elementor-widget-heading\" data-id=\"926ab52\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Lawful Object:<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c60cba6 elementor-widget elementor-widget-text-editor\" data-id=\"c60cba6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"> Section 23 of the Indian Contract Act of 1872 defines a legal object as an agreement made for some object or purpose. Such an object is formed based on promises made by the parties. These promises are made either for doing or not doing anything.<\/span><\/p><p><span style=\"color: #000000;\"><b>For<\/b> <b>example<\/b>: A promises to maintain B&#8217;s child, and B promises to pay A 1000 rupees yearly. Here, is the promise of each party. They are lawful considerations or lawful objects<\/span><\/p><p><span style=\"color: #000000;\"><b>For<\/b> <b>example<\/b>: A, B and C agree on the division among them of gains acquired or to be acquired, by them by fraud. The agreement is void, as its object is unlawful.<\/span><\/p><p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/en.wikipedia.org\/wiki\/Indian_Contract_Act,_1872\">https:\/\/en.wikipedia.org\/wiki\/Indian_Contract_Act,_1872<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Introduction Indian Contract Act was enacted on 25 May 1872 and the word &#8216; Contract &#8216; has derived from the Latin word &#8216;Contract&#8217;\u00a0\u00a0which means to work on contract. The contract comes into force on 1st September 1872. It extends to the whole of India except Jammu and Kashmir before 31 October 2019. \u00a0 Definetion \u00a0The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawnotes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Contact of India, 1872 | Introduction of contract, meaning, Esseatial<\/title>\n<meta name=\"description\" content=\"The termContract is defineds under section 2(h) of Indian Contract Act1872. section 2(h) of the Indian Act1872 provides that agree is enforce\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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