BUY LAW OF CONTRACT I AND II PROF G C V SUBBHA RAO S |12TH EDITION| BEST TEXT BOOK FOR STUDENTS |
LAW OF CONTRACT I AND II PROF G C V SUBBHA RAO S
is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent[1] to transfer of goods, services, money, or promise to transfer any of those at a future date. The activities and intentions of the parties entering into a contract may be referred to as contracting. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or equitable remedies such as specific performance or rescission.[2] A binding agreement between actors in international law is known as a treaty.
Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured.[4] Like other areas of private law, contract law varies between jurisdictions. In general, contract law is exercised and governed either under common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed-law jurisdictions solely require a meeting of the minds between the parties.
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