PPT - Law of Contract B Com Notes | EduRev

Business Law

B Com : PPT - Law of Contract B Com Notes | EduRev

 Page 1


 CONTRACT
 
Page 2


 CONTRACT
 
Contract:
Definition of Contract by Pollack
“every agreement and promise enforceable at law is contract.”
Page 3


 CONTRACT
 
Contract:
Definition of Contract by Pollack
“every agreement and promise enforceable at law is contract.”
Contract Act
Definition of Contract by Salmond
“a contract is an agreement creating and defining 
obligations between the parties”
Page 4


 CONTRACT
 
Contract:
Definition of Contract by Pollack
“every agreement and promise enforceable at law is contract.”
Contract Act
Definition of Contract by Salmond
“a contract is an agreement creating and defining 
obligations between the parties”
Contract Act
Definition of Contract u/s 2(h)
“An agreement enforceable by law is a Contract.”
Page 5


 CONTRACT
 
Contract:
Definition of Contract by Pollack
“every agreement and promise enforceable at law is contract.”
Contract Act
Definition of Contract by Salmond
“a contract is an agreement creating and defining 
obligations between the parties”
Contract Act
Definition of Contract u/s 2(h)
“An agreement enforceable by law is a Contract.”
Enforceability: 
 An agreement is enforceable if it is recognized by 
court. In order to be enforceable by law, the 
agreement must create legal obligations between 
the parties.
Read More
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