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Essentials of e-contracts

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

As per the Indian Contract Act, the essentials of a contract are: (i) An offer or proposal by one party and acceptance of that offer by another party resulting in an agreement consensus-ad- idem. (ii) An intention to create legal relations or an intent to have legal consequences. (iii) The agreement is supported by lawful consideration. (iv) The parties to contract are legally capable of contracting.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 2 years ago

**ESSENTIALS OF E-CONTRACTS** As per the Indian Contract Act, the essentials of a contract are: (i) An offer or proposal by one party and acceptance of that offer by another party resulting in an agreement consensus-ad- idem. (ii) An intention to create legal relations or an intent to have legal consequences. (iii) The agreement is supported by lawful consideration. (iv) The parties to contract are legally capable of contracting. (v) Genuine consent between the parties. (vi) The object and consideration of the contract is legal and is not opposed to public policy. (vii) The terms of the contract are certain. (viii) The agreement is capable of being performed i.e., it is not impossible of being performed Thanks

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