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ELEMENT NO.1: OFFER Offer is defined as an expression of willingness to contract on definite terms once accepted. An offer becomes binding on the person making it as soon as it is accepted the other party. Distinction between: Offer Read More …
A contract is an agreement between two parties with the intention to create legal relations. ESSENTIALS ELEMENTS OF A VALID CONTRACT Offer and acceptance Consideration Intention to create legal relations Capacity of the parties Lawful objects Free consent {Vitiating Factors} Read More …