WHY IN PRINCIPLES OF CONTRACT LAW THERE IS A STRONG MORAL OBLIGATION FOR PERFORMANCE OF A PROMISE?
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DOI:
https://doi.org/10.55662/Abstract
According to Section 2 (h) of Indian Contract Act, 1872, “An agreement enforceable by law is a contract.” 1
All agreements are not enforceable by law which means that not all agreements are not contracts.
According to the Section 10 of the Indian Contract Act, 1872 ,
“All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object and are not hereby expressly declared to be void.”2
The term ‘Proposal’ has been defined in the Section 2 (a) of the Indian Contract Act, 1872 as follows,
“When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal.”3
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