UGC NET Dec 2023 | Paper 2 Commerce | Legal Aspects of Business PYQs & MCQs | Commerce Spotlight

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Essential of a contract:-
Offer and acceptance
Lawful object
Agreement not expressly declared to be void
Intention to create a legal affinity
Free consent
The capacity of the parties to contract
Certainty of meaning
Possibility of performance
Lawful consideration
Legal formalities