Freedom of contract and sanctity of contract are the dominant ideologies. Parties should be as free as possible to make agreements on their own terms without the interference of the Courts or Parliament and their agreements should be respected, upheld an

1.0 Introduction The term ‘Contract’ is derived from the Latin word ‘contractum’. The law of contract is governed by the Contract Act-1872. According to sec-2(h) of the Act. An agreement enforceable by law is a contract. It signifies that in ...

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