Agreement Indian Contract Act

The railway offered delivery from Jaggery to the railway`s grain stores. The respondent submitted its offer for the delivery of 14,000 De Cane Jaggery imperial maunds in February and March and the offer was accepted by the letter. So far, the offer of a certain quantity of Jaggery for a certain period of time and the acceptance of the offer would constitute an agreement, but would not correspond to a favourable contract since the date of delivery of the Jaggery has not been specified. Once the order has been placed for such delivery on those dates, this order constitutes a binding contract that is binding on the defendant to deliver Jaggery under the terms of the order, and also to the Dy. General Manager is responsible for accepting the Jaggery provided in accordance with this order; Union of India v Maddala Thathaiah, (1964) 3 SCR 774. The Indian Contract Act was passed in 1872 and came into force on September 1, 1872. The word “contract” was derived from the Latin word “contructus”, which means “to work for the account”. Contract law is based on the principle of “pacta sunt servanda”, which means that “agreements must be respected”. In conclusion, oral agreements are legally enforceable before the courts or in the context of a dispute. However, it is strongly recommended to reduce agreements or contracts to a text composition. Oral agreements are admissible, but also extremely difficult to prove. It is based and has always been on several proofs when they all go in a certain direction. 2- Intention to create a legal relationship: there must be a clear intention between the parties that the agreement entails legal consequences and creates a legal obligation.

These are such agreements that are not legally applicable, for example.B. social or domestic agreements between spouses or friends that cannot be imposed by the courts do not constitute a contract. A legal relationship is implied when the omission of an act mentioned in the treaty would have legal consequences. Under the 1872 Act, a valid oral agreement is valuable and can be brought to justice. However, it is still difficult to prove the existence or exact terms of the agreement in the event of a dispute. This decision was prompted by the Delhi High Court in Nanak Builders and Investors Pvt. Ltd. v Vinod Kumar Alag AIR 1991 Delhi 315, the court having decided that an oral agreement could also be a valid and enforceable contract. Therefore, in the strict sense of the term, it is not necessary for a contract to be in writing, unless this is provided for by law or the parties themselves intend to reduce the contractual conditions to the written form. An agreement ratified by other non-parties is not a conclusive treaty; M.V.

Shankar Bhat v. Claude Pinto (deceased) of LRs, (2003) 4 SCC 86. Contracts can be classified according to applicability, creation, performance or contractual form: to constitute a contract, both parties must give their consent; Steel Authority of India Ltd. . . .

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