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Section 504
<br> deemed to be contracted
If there is an enforceable agreement between two or more persons to do or not to do something, it shall be deemed to be a contract.
(2) For the purpose of sub-section (1), a contract shall be deemed to have been entered into when the person so proposed has given his consent to the proposal made by one person to another person.
(3) After the contract is entered into, a binding legal relationship shall exist between the parties to the contract. Explanation: For the purposes of this paragraph:-