Essay on Contract Law
A contract is defined as a legally enforceable agreement between two or more parties containing one or more promises. It is essentially an agreement between two or more persons wherein one person binds himself to perform an act in exchange for the promise of another.
Generally, a valid and enforceable contract has several features. There must be : 1) an agreement; 2) between competent parties; 3) based on genuine assent of both parties; 4) supported by valuable consideration; 5) that
