Characteristics of an Agreement
Plurality of Persons: agreement is an expression of
common intention of two or more persons
Consensus ad-idem: the persons making an
agreement must consent to some determination with a
view to create a right in one party and corresponding
duty on the other party. Both the parties must agree
on the same thing in the same sense
Characteristics of an Agreement
Promise or Reciprocal Promises: offer and
acceptance together constitute an agreement.
Thus agreement is a promise or a set of
reciprocal promises.
According to Sec 2(f) Promises which form
the consideration or part of the consideration
for each other are called reciprocal promises
Kinds of Agreement
Invalid Agreement
Valid Agreement