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...P g s national college of law mathura th st paper name contract unit q explain are essentials an agreement is every a discuss in brief ans means which enforceable by consists reciprocal promises between the two parties case each party legally bound promise made him or obligation to perform may arise following way i and ii standard form iii promissory estoppel most common making through agree something mutual negotiations when one makes offer other accepts same there arises be contracts modern age some persons institutions establishments such as railways insurance companies banks manufacturers various goods etc have enter into very large number with thousands they cannot possibly negotiate individually whom pre drafted matters generally prepared has general rule much valid those entered due different situations problems arising been discussed here under according section h indian act all agreements not therefore others for example sell radio set but go see movie mere thus only satisfy m...