Law of contract is governed by CONTRACT ACT 1950.
It is important to study and understand 'law of contract'. In our daily life we will going through situation whereby agreement or contract is formed , whether we realise it or not. by understanding Law of contract, we will know our rights as consumer or when we are being sued by the other party or to sue the other party.
The basic elements of Law Of Contract:
- Offer
- Acceptance
- consideration
- Intention to create legal relations
- Certainty
- Capacity
