Contract is a voluntary, deliberate, legally-binding agreement between two or more competent parties which defines the legal obligation and authorities of parties.
According to Pollack :
“Every agreement and promise enforceable by law is a contract.”
According to Sir William Anson :
“A legally binding agreement between two or more persons by which rights are acquired by one or more to acts or forbearance on the part of other.”
According to sec. 2 (h), a contract has these two essential elements :
1. An agreement,
2. Enforceability by law.
