Question: 2 . It was observed that a contract made by free consent and will of parties who are thus competent under the law to contract

2 .

It was observed that a contract made by free consent and will of parties who are thus competent under the law to contract for a lawful consideration providing a lawful consideration and thus not expressly declared by any law or contract act to be void. Explain the concept of valid, void and voidable contract along with explaining the essentials of valid contract.

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