Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


All Contract Are Agreement But All Agreements Are Not Contract Explain In Hindi

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

If a 7-year-old boy buys ice cream from an ice cream shop and there`s 10, there`s an agreement. This is because the boy offers to buy ice cream and the seller accepts the offer that makes it a promise. Both were about ice and money. Agreed to pay the Rs.5 lake to B for the state-of-the-art decoration of its living room. The agreement is inconclusive because the meaning of the term “ultra-modern” is not certain. The Indian Contract Act of 1872 can be interpreted as covering all possible agreements and contracts. However, in many cases, whether or not an agreement is a contract depends on the facts and circumstances. In short, all legally enforceable agreements become contracts. As a result, there may be agreements that are not contractual, but there cannot be contracts that are not agreements. A requires B to enter into a contract on the point of the pistol. This is not a valid contract because B`s consent is not free. As long as the goods or services provided are legal, any verbal agreement between two parties may constitute a binding legal contract.

However, the practical restriction is that, as a general rule, only parties to a written agreement have essential evidence (the written contract itself) to prove the actual conditions that were issued at the time the contract was concluded. In everyday life, most contracts can and are concluded orally, for example. B buy a book or a sandwich. Sometimes written contracts are required either by the parties or by law in different legal systems for certain types of agreements, for example. B when buying a house[6] or land. An agreement whose importance is uncertain and unable to be ruled out [Section 29]; Illegal Agreement (Section 23 and Section 24) – Unrequited Agreement (Section 25) – Marriage Limitation Agreement (Section 26) – Trade Restriction Agreement (Section 27) – Procedural Agreement (Section 28) – Uncertain Agreement (Section 29) – Betting Agreements (Section 30) – Agreements on Impossible Actions (Section 56) Example: Closing his business against B`s promise to pay him the Rs.2 lake is a non-alc` agreement , because it is a trade restriction. For example, Mr. A. is declared in default by the court and the court has ordered that he be excluded from the contract. Now Mr.

A buys an apartment in increments and has not paid for it.

Share and Enjoy