2. Offer and Acceptance The first and basic element of the valid contract is offer and acceptance, without offer and acceptance a contract can not arise. According to section 2 (a), the offer is defined as ''When one person signifies his willingness with another person to do or to abstain from doing something to obtain the assent of the other to such act or abstinence. He said to make a proposal/offer." According to section 2 (b), acceptance is defined as "When the person to whom the offer is made, signifies his willingness through his consent and gives acceptance to the offer. He said to make an acceptance to the offer."
8. Agreement Not Expressly Declared as Void If an agreement is expressly declared void by law. Such agreements are void. Section 26 to 30 of the Indian Contract Act, deals with the types of void agreements that are expressly declared as void by law. These are; – Agreements in restraint of marriage (Sec. 26) – Agreements in restraint of trade (Sec. 27) – Agreements in restraint of proceedings (Sec. 28) – Uncertain agreements are void (Sec. 29) – Agreements for a wager are void (Sec. 30)