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...Indian contract act by dev raj asstt prof of commerce essencial elements a valid in business law sections h and the state that there are some essential if any these is not satisfied an agreement it will affect validity form according to sec all agreements they made free consent parties competent for lawful consideration with object expressly declared be void essentials offer acceptance legal relationship consensus ad idem competency certainty possibility performance formalities must at least two one them making other accepting thus party its when accepted becomes proposal...