Under the Indian contract act 1872 there are two types of obligations namely social obligations in legal obligations. Similarly there are two types of agreements social and legal. Those agreements which give rise to social obligations are called as social agreements. If for example you are waiting in the cinema hall in your friend does not show up you would be upset but You would not take your friend to the court for right. New agreement with your friend to watch a movie gives rise to us only uh social obligation. Those agreements which gives rise to legal obligations are called legal agreements. For example if you pay a sum of money to the seller of a house that you want to buy then you would not only be upset with the seller you would also take him to court if he ran away with your money without giving you the title deeds to the house.
The law of contract deals with only search agreements which create legal rights in obligations the term contract is arrive in London word contact him which means drawn together. It is an agreement to do or not to do something for stop every contact consists of two connected elements namely obligation and agreement. This means that if we enter into an agreement that the law play recognises and enforces then we have certain obligations towards each other end in agreement bring ourselves that we will fulfill those obligations.
Obligations may rise in different situations and not always have their source in agreements obligations which do not have their source in agreements are not contracts for example obligations arising from the judgment of a quote. Suppose you go to court challenging your dismissal from your employer end the judge passes an order restraining you fool stop in that case the court has put cinema gay shun upon your employer but it is in no way a contract. Obligations imposed by law are also included only those obligations you are created by the agreement are contactable in nature. To create a contact there must be a common intention of the parties to enter into legal obligation. The intention of the parties is naturally to be known from the terms of the agreement and surrounding circumstances full Sir its for the quote in each case to find out where the parties Internet to enter into legal obligation. The object of law is the creation and protection of legal rights and has been defined by Holland as a capacity residing in one person of controlling with the ascent and assistance of the state the actions of the others. The expression right is who related to the expression duty. There can be no rice without corresponding duties. A ride is an interest recognising pressured by law. Rights of two kinds namely rights available against the whole world in rights available against the particular individual food stop if a person owns a property the right which he he or she has in the property caster duty on the whole world not to disturb his or her ownership in anyway. A right of personal interest on the other hand is a right for which the corresponding duty is not one word by the whole world but by an individual or a definite body of individuals. Does the love contract deals with rights against a particular individual.
