Offer/Proposal [Section 2 (a)] An offer is the starting point in the making of an agreement. An offer is also called 'proposal'. According to Section 2(a) of The Contract Act, 1872, ‘When one person signifies to another, his willingness to do or abstain from doing anything with a view to obtaining the assent of the other, to such an act or abstinence, he is said to make a proposal’.Offer is a crucial element that forms the basis of any contract....

What is Contract?1) In the words of Pollock, ‘every agreement and promises enforceable by law is contract’.2) According to Sir William Anson, a contract is “a legally binding agreement between two or more persons by which rights are acquired by one or more to acts or forbearances on the part of the others.”3) According to Salmond, “A contract is an agreement creating and defining oblgations between the parties.4) According to Section 2(h) of the Contract Act,...

atOptions = { 'key' : '7240241d67a5ca0c01f23d9cef8d279c', 'format' : 'iframe', 'height' : 90, 'width' : 728, 'params' : {} }; document.write(''); Nature of Law of ContractLaw of contract is the branch of law which determines the circumstances in which promises made by the parties to a contract are legally binding on them. Its rules define the remedies available in a court of law against a person who fails to perform his contract, and the conditions...

The Contract ActThe Contract Act is a fundamental piece of legislation that governs the formation, enforcement, and breach of contracts in Pakistan. Enacted in 1872, the Act has been amended several times to keep up with the changing times and business practices. document.write(''); The Contract Act defines a contract as an agreement between two or more parties that creates an obligation to do or not to do something. The parties to the contract must have...