Padhle Is A Best Education Site In All Over India.We Provides Best Education Services..Padhle Provides Many Services Like:- Aptitude Questions, Placement Papers, Reasoning Questions, IQ Test, Quiz, Online Aptitude Test... Best Education Services In India Padhle, Padhle.com is the best educational website for all students who want to prepare Quiz or Placement Papers Aptitude Questions, Previous Year Questions Papers, Reasoning Questions, IQ Test, Quiz, Online Aptitude Test, Gk Questions, Online Test,Buy Book Online.. So Visit Our Website and get all Aptitude Papers and all types of Books online.. Best Education Services In India Introduction It is common knowledge that in business trasaction quite often promise es are made at one time and the perfomance ffollow later. In such a sitiuation if either of the parties were free to go back on its promise without incurring and liability , there would be be endless complications and it would be impossible to carry on trade and comerce. hence the law of contract was created which lays down the legal rules relating to promises; their formation, their performance and their enforceability law. Padhle Is A Best Education Site In All Over India.We Provides Best Education Services.. Best Education Services In India Scheme of the act: The scheme of the act may be divided into two main groups: 1. General principal of the law of the contract ( sec. 1-75 ) 2. Specific kinds of contracts, viz; (a). contracts of indemnity and guarrantee ( sec. 124-147 ) (b). contracts of bailment and pledge ( sec. 148-181 ) (c). contrct of agency ( sec. 182-238 ) before 1930 the act also contained provision relating to contract of sale of goods and partnership. sections 76- 123 relating to sale of goods were repealed in 1930 and a seprate act called the relating to sale of goods act was enacted. similarly , sections 239-266 relating to partnership were repealed in 1932 when the indian partnership act was passed. Introduction 1. The nature and kind of contract 1st sep. 1872 2. Extends to whole of the Indian experts jammu and kashmir DEFINITION OF THE TERM CONTRACT Contract is defined by sections 2 (h) of the Act as " an agreement enforceable by law". *This defination has two distinct parts. first there must be an agreement. secondly, such an agreement must be unforceable by law. Padhle Is A Best Education Site In All Over India.We Provides Best Education Services.. Best Education Services In India Agreeement: As per section 2 (e) "every promise and very set of promises, forming the consideration for each other, is an agreement". In imple terms, a perposal, when accepted becomes a promise." * An agreement, therefore, comes into existence only when one party make a promises, offer to the other party and that other party signifies his accent (i.e. gives his acceptance) thereto. * In short, an agreement is the sum total of 'offer' and 'acceptance'.