Q: Elaborate section 2(c) of Indian Contract Act, 1872 ?
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Ans:According to section 2(c) of Indian Contract Act, 1872, the person making the proposal is called the promisor and the person accepting the proposal is called the promisee.
Ans: Section 11 of the Indian Contract Act, 1872 details as to which parties are competent to contract i.e., a person who has attained majority and who is of sound mind and lastly, is not disqualified by the law to enter into a contract. The subsequent sections of the contract act details about each of these requirements as mentioned by the law.
Ans: Because each NDA is distinct or different, it will last for a different amount of time. An NDA is usually for a period of one year to ten years, although it might be indefinite depending on the information that needs to be kept hidden.
Ans: Since it can be enforced in a court of law, a legal instrument, document, or contract has value. To enforce the contract, you’ll need to produce it in court to show that you (and the entity you’re enforcing it against) entered it legally, as well as that the provisions of the contract are legitimate. As a result, you must follow specific procedural rules in order to present them in court. It can be done through stamping, registration and notarization.
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