What are the essential conditions of contracts? How to prepare sale deeds?

Question

Accepted Answer

Essential conditions of contracts include offer, acceptance, consideration, intention to create legal relations, and legal capacity. Sale deeds are prepared by drafting the terms of the sale, executing the deed, and registering it.

Essential conditions of contracts: offer, acceptance, consideration, intention to create legal relations, legal capacity
Preparing sale deeds involves drafting terms of sale, executing the deed, and registering it
Examples: Offer - Seller offers to sell a property to the buyer, Acceptance - Buyer agrees to purchase the property at the offered price, Consideration - Payment of the purchase price, Intention to create legal relations - Both parties intend for the sale to be legally binding, Legal capacity - Both parties are legally capable of entering into the contract
Sale deeds should clearly outline the terms of the sale, including the parties involved, property details, purchase price, payment terms, and any conditions or warranties

What are the essential conditions of contracts? How to prepare sale deeds?

Popular interview questions of Junior Legal Associate