ER Publications

Thomson Researcherid Journals | UGC Approved Journals | Online & Print Journals | Refereed Journals | Peer Reviewed Journals
Publish Your Research Papers, Books, Thesis and Conference Proceedings with proper ISSN and ISBN with one of the top International Publication Platform......

Indian Contract Act, 1872

Author Name : Dr. Sushil Sharma

Publisher Name : EV Publications, India

ISBN-No.: 978-93-84922-58-0

Meaning and Definition of Contract  :- According to Section 2(h) of Indian Contract Act, “An agreement enforceable by law is a contract”. Section 2(e) defines an agreement as, “Every promise and every set of promises, forming the consideration for each other is an agreement”. Section 2(b) defines a promise as, “When the person to whom the proposal is made, signifies his assent thereto, the proposal is said to be accepted. A proposal when accepted becomes a promise."