A valid agreement is supposed to have the essential elements of a valid contract and they are as follows: Section 92 of the Indian Evidence Act also states that if the terms of such a contract, agreement or other disposition of ownership or business that is to be legally reduced to the form of a document have been proven in accordance with the last section. No evidence of an agreement or oral statement may be accepted between the parties to such an act or their stakeholders, in order to contradict, vary, supplement or be inferred from their conditions. However, its reservation (2) is an exception to the fact that, if there is a separate oral agreement on a matter in which the document remains silent and the conditions are inconsistent, the oral agreement may be considered valid. In addition, reservation (3) is an exception to the fact that, if there is a separate oral agreement which constitutes a condition precedent for the application of an obligation under such a contract, an oral agreement may also be proved. “All agreements are contracts if entered into with the free consent of the contracting parties, in exchange for legitimate consideration and for a legitimate purpose, and are not explicitly cancelled hereby.” Although electronic contracts containing a digital signature have been legally recognized, even if there is no digital signature, this does not invalidate the loan agreement. If the conditions are made available to the borrower and he confirms it by ticking “I agree”, the borrower is responsible for the performance of the obligations arising from the contract. ReflectionWe have already seen that this is a notion of exchange. There are rules about what constitutes an exchange and what can be traded to get a good counterpart. We will review these rules after reviewing the offer and acceptance requirements.
The relationship between the rules of the offer and acceptance, on the one hand, and the rules of consideration, on the other, is that the exchange that constitutes an acceptance of an offer – in fact, an exchange of promises by acceptance – is at the same time the necessary exchange that constitutes the consideration. All of this becomes clearer when we examine in detail the teaching of consideration. All agreements are contracts when concluded1. BY THE FREE CONSENT OF THE CONTRACTING PARTIES – Consent is deemed free if it is not caused by * coercion – Consent is caused by coercion, if it is obtained by pressure that is either committed or threatened with committing or committing an act prohibited by the Indian Penal Code, or with unlawfully threatening imprisonment or threat of property. It is important to note that all contracts are valid agreements, but not all agreements are considered valid contracts. Therefore, a valid and enforceable agreement is a complete and systematic merger of the necessary elements that are essential to their validity and existence. The conclusion of online contracts by e-mail has been recognized and valid on many occasions by the Indian courts. In the case of Trimex International FZE Limited, Dubai v.
For example, Vendata Aluminium Ltd. concluded a detailed agreement between the parties on the terms of the contract by e-mail. The Supreme Court upheld the validity of this treaty and added that “as soon as the contract is concluded orally or in writing, the mere fact that a formal contract must be prepared and initiated by the parties would not affect either the acceptance of the contract thus concluded or its implementation, even if the formal treaty was never initiated”. The Indian Contract Act recognized that treaty agreements that contain oral contracts entered into by the competent parties with free consent and that are a legitimate object for a legitimate counterparty and are not illegal or not. . . .