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What is a Contract law and its importance?

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What is a Contract law and its importance?

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  1. CONTRACT LAW ASSIGNMENT HELP

  2. WHAT IS A CONTRACT? COLLABORATION ABILITIES • A contract is a voluntary agreement between two or more parties that is enforceable by law as a binding legal agreement. • An agreement that is legally introduced in the system is termed as a contract. • Those agreements which are not legally enforceable are not termed as contracts.

  3. Offer proposal Sec A: when a person signifies to do or abstain another work with a view to obtaining the other’s opinion.  • Acceptance Sec 2: It signifies the person whose assent and the proposal is made. • Promise Sec 2: The proposal acceptance becomes a promise. • Promisor: When the proposal is accepted the person who makes the proposal termed as a promisor. PROPOSAL + AGREEMENT= CONTRACT (PROMISE)

  4. There are many firms who work on the basis of contract law in any organisation. • If any employee works in a company for more than 1 year then he or she is entitled to a written employment contract that covers all the terms and conditions of an organisation. • In an organisation, the contract law says that there is always a contract between the employee and the manager. • Sometimes contract disputes may arise in different contexts therefore it is required to have an agreement. • This law covers the many different phases of the negotiation and contract creation. KEYNOTES ON CONTRACT LAW

  5. What are the specifications of contract law? • The parties should follow the rules and regulations given in the contract. They must have to understand the binding nature of the contract. • They should have mutual thoughts. WHAT ARE THE SPECIFICATIONS OF CONTRACT LAW?

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