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Business Law | B.com 2nd Year | BBA | CA Foundation | CMA | Indian Contract Act (Part - 1) (Hindi)
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The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”
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Offer
According to Section 2(A) of the Indian Contracts Act, 1872, When a person expresses his willingness to another person to do or to abstain from doing something and also obtain the consent of such expression, it is called an offer
Acceptance
The Indian Contract Act 1872 defines acceptance in Section 2 (b) as “When the person to whom the proposal is made signifies his assent thereto, the offer is said to be accepted.
Reciprocal Promises
Section 2(f) of the Act defines the term 'Reciprocal Promises' as “Promises which form the consideration or part of the consideration for each other are called reciprocal promises.”
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Link of the Playlist
Offer
According to Section 2(A) of the Indian Contracts Act, 1872, When a person expresses his willingness to another person to do or to abstain from doing something and also obtain the consent of such expression, it is called an offer
Acceptance
The Indian Contract Act 1872 defines acceptance in Section 2 (b) as “When the person to whom the proposal is made signifies his assent thereto, the offer is said to be accepted.
Reciprocal Promises
Section 2(f) of the Act defines the term 'Reciprocal Promises' as “Promises which form the consideration or part of the consideration for each other are called reciprocal promises.”
If you find this video helpful in understanding concepts, then
Do like share and subscribe to the channel :)
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