Question 1
A contract can simply be defined as a legally enforceable agreement between two or more parties or entities. It is an agreement which places different obligations on the various parties to the contract. The breach of the obligations created by the contract would amount to a violation of the contract and the aggrieved party would be entitled to the various remedies that as per the terms contained in the contract . For an agreement to be considered as a contract and thus enforceable in law, it must have some certain characteristics. These are referred to as the elements of a contract. The elements of a ...