Is the contract act is exhaustive law or not?

Tort is an injury commited against one's person or property by another. Contract is an agreement b/w two or more other people / entities binding each to certain obligations in return for some benefit...

Obligations is defined as the 'vinculum juris' or the bond of legal necessity which binds together two or more determinate individuals. it follows, therefore, that in a contract. 1) Obligations must...

There isn't any one law that is "the" contract law. Contract law is a whole body of law encompassing things like how contracts are made, what terms they may use, how to interpret ambiguous clauses,...

Contracts are entered into voluntarily, but once entered into they may be enforced through the courts.

A legal entity is considered a person for purposes of a contract. Corporations and companies are legally considered a person.