Twenty (20 Marks) will be alloted for this assignment. Support your answer by referring to artices in journals and other business sources. Prepare the assignment as per the requirement.

INSTRUCTION:

Though the Contracts Act 1950 is silent on the question of intention to create legal relations,

there seems to be no doubt that a vital requirement of a valid contract is that the parties must

have the intention to enter into such a relationship".Explain the above statement.

REQUIREMENT:

Reflection:Provide your suggestions as to whether the presence of the element of intention to create legal relationship as a contractual necessity when consideration in itself should be capable of dealing with the intention of the parties and there should not be any separate requirement of proving an 'intention to create legal relations'.