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Formation of Contract [introduction to law of contact]

there are few concepts that we should know to understand formation of a contract. These are: 1. Proposal or offer 2. Acceptance 3. Promise 4. Consideration and 5. Agreement summary:- when a proposal is accepted it becomes a promise and when a promise is coupled with consideration it becomes an agreement. And when agreement and enforceability come together it becomes a contract. We will see all these elements of a contract in detail in coming videos. other videos on law of contract :-    • Indian Contract Act, 1872   facebook:-   / lnc-pro-380670805769775   Twitter:-   / lnc_pro  

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