Essentials of a valid contract Meaning of contract In simple terms, a contract means when two parties put into writing an agreement which contains certain obligations (promises) which are to be performed by such parties, and when such written agreement becomes enforceable by law, it becomes a Contract. Enforceable by law means when the agreement has acquired the force of law only for those who are a party to it and a violation of those obligations would attract legal action, including repudiation of the entire contract. Contract Act defines a Contract as “An agreement which is enforceable by Law” [i] . An Agreement is a settlement between two parties, which contains obligations or promises which both parties need to fulfil. When such an agreement is made binding by Law it becomes a Contract. [ii] Therefore an agreement consists of reciprocal Promises which are to be performed by parties to the contract. Promises are reciprocal when both parties have to per...
Mr.Mohan Kumar, Pride of our GFGC Gauribidanur, Honorable President, delivers a lecture in the alumni meet. Tips to Crack Competitive Exams Team Leverage Edu Updated on Sep 30, 2021 6 minute read 16.9K views 10 shares Every year, thousands of candidates appear for various competitive exams like IELTS , GRE , TOEFL , RBI Grade-B, CAT , GMAT , TOEFL , NEET , SSC and many more. To winnow the wheat from the chaff, the difficulty level of all exams increases with passing years. As a result of this, only a few candidates make it to the top. It thus becomes important to devise a strategy in line with your strengths and weaknesses to stay ahead. In this blog, we will share some tips and tricks to solve different sections in competitive exams which might put you ahead in the game. THIS BLOG INCLUDES: How to Prepare for Competitive Exams Verbal Ability for Competitive Exams Preparing Quantitative Section for Competitive E...
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