How is contract defined as per section 10 of Indian Contract Act, 1872

1.	How is contract defined as per section 10 of Indian Contract Act, 1872?
Answer» According to sec. 10 of Indian Contract Act, 1872, the juristic concept of contract consists of a proper offer and its acceptance. An agreement is every promise and every set of promises, forming consideration for each other (Section 2C). An agreement in order to become a contract, must give rise to a legal obligation which means a legal tie which imposes upon a definite person the necessity of doing or abstaining from doing a definite act or acts.

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