what is contract law
2006-10-29 17:59:10 · 7 answers · asked by vangala v 1 in Politics & Government ➔ Law & Ethics
A contract may be defined as a legally binding agreement or, in the words of Sir Frederick Pollock: "A promise or set of promises which the law will enforce".
The agreement will create rights and obligations that may be enforced in the courts. The normal method of enforcement is an action for damages for breach of contract, though in some cases the court may order performance by the party in default.
2006-10-29 18:32:32 · answer #1 · answered by Cool Dude 2 · 0⤊ 1⤋
Definition Of Contract Law
2016-11-10 09:00:50 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Some say that contact is the source of all law. A contract includes provisions agreed to by the parties and implied provisions based on custom law for that kind of contract.
2006-10-29 18:18:15 · answer #3 · answered by Alex G 6 · 0⤊ 0⤋
To understand it, let us first define Contract.
It it a meeting of mind between two parties. Can be verbal but must be in writing to avoid he said she said.
The contract law is a law governing the the contracts.
Cannot be for doing some thing illegal, cannot be one sided,..............there are volumes and volumes written on it.
2006-10-30 01:44:46 · answer #4 · answered by minootoo 7 · 0⤊ 0⤋
Check out details of Indian Contract Act 1872. You can find it at
http://www.vakilno1.com/bareacts/indiancontractact/indiancontractact.html
2006-11-02 03:41:49 · answer #5 · answered by Aey Cee 6 · 0⤊ 0⤋
Two people are necesary for contract one is buyer & seller, agree to transfer of goods against remuneeration or price
2006-10-29 18:07:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
CORRUPT OTHERS
ONLY TO DISRUPT THE ECONOMY
2006-11-01 16:27:35 · answer #7 · answered by R Purushotham Rao 4 · 0⤊ 0⤋