CONTRACT EXAMPLES

         

EXAMPLE based on contract :

                          A agrees with B to sell car for 2 lacs rs. to B. Here A is under an obligation to give car to B and B has the right to receive the car on payment of 2 lacs rs. and also B is under an obligation to pay 2 lacs rs. to A and A has a right to receive 2 lacs rs. 

         So Law of Contract deals with only such legal obligations which has resulted from agreements. Such obligation must be contractual in nature. However some obligations are outside the purview of the law of contract.

Example: 2

              An obligation to maintain wife and children, an order of the court of law etc. These are status obligations and so out of the scope of the Contract Act.

  
     FOR MORE KNOWLEDGE OF CONTRACT OR FOR BASIC OF CONTRACT CLICK HERE ▶  what is Contract?