On What constitutes a contract

A contract is an agreement between two or more parties which creates reciprocal legal obligation or obligations to do or not to do a particular thing.For a valid contract to be formed,there must be mutuality of purpose and intention.The two or more minds must meet at the same point,event or incident.They must not meet at different points,events or incidents.They must be saying the same thing at the same time.

On ingredients of contract

There are five ingredients that must be present in a valid contract.They are offer,acceptance, consideration,intention to create legal relationship and capacity to contract.All these five ingredients are autonomous units in the sense that a contract cannot be formed if any of them is absent

N.B For a contract to exist in all the five ingredients must be present