An agreement enforceable by law is a contract. It is the voluntary arrangement between the two or more parties and is enforceable by law. It is essential for the formation of a contract that both parties must have the mutual assent. An oral contract also called the verbal contract because this contract is made by using the words of the mouth, however, in the written contract all the terms and conditions of the contract are available in written form and if a person signs in the written contract, then he will be bound by the terms of the contract ...
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