Person "A" decided to sell his flat to person "B" for 20 lakhs "B" accepted that proposal and give his permission to "A" within a stimulated (reasonable) time period. "A" was having two flats, one is located at "Johar" (Area Name) another is located at Gulshan (Area Name). "A" puts a proposal for a flat which is located at Johar and it is accepted by "B" in the same manner

There are some important questions regarding this proposal

1) Define Contract?

2) Define Agreement

3) Is it a valid contract?

4) Define Consideration and what is the consideration for Person A and Person B in the above case study?

5) Define Subject Matter. What is the subject matter in the above case study?

6) Define Consensus. Is there consensus in the above case study?

7) Is it a free consent?

8) Define Offer?

9) Define Acceptance?

10) Is it a valid acceptance?

11) Who is the Promisor and who is the Promisee in the above case study?