If the contract contains certain conditions imposed by law, the contract is prescribed by law to that extent; Thermal Power Ltd. v. State of Madhya Pradesh, AIR 2000 SC 1005. Section 2(h) of the Indian Contract Act 1872 defines the term “contract” as a “legally enforceable agreement”. In accordance with Section 2(e), any promise and any series of promises that constitute mutual consideration are called agreements. A promise is an accepted proposal. · Fraud: if one party presents the contractual conditions with the intention of harming the other party, this amounts to fraud. There are certain elements which, if fulfilled, would constitute a valid contract and, conversely, would be considered null and void depending on the circumstances. Section 10 of the “Act” lists certain conditions that must be met in order to form a valid contract. · The parties must reach the age of majority, which is eighteen years. . . .

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