#businesslaw #bcomsem1 #bcomhons #indiancontractact1872 Business law for B.Com/BBA semester 1 Business law playlist • Business Law Playlist For B.Com/B.Com Hons... Management Principles And Application Playlist • Management Principles And Application For ... Welcome to Commerce Heroes Classes In this video, we begin Chapter-1: The Indian Contract Act, 1872**, under the subject **Business Law / Business Regulatory Framework for **BCom 1st Year Semester 1 (Academic Year 2025–26)**. This chapter is the foundation of all commercial laws and is crucial for understanding how legal agreements are made and enforced. --- 🎯 What You’ll Learn in This Video: ✅ Introduction to Indian Contract Act, 1872 ✅ Meaning, Definition & Essentials of a Valid Contract ✅ Types of Contracts: Valid, Void, Voidable, Unenforceable ✅ Elements: Offer, Acceptance, Consideration, Free Consent, Capacity ✅ Legal Obligations & Case Law References ✅ Based on DU, IGNOU, BBMKU & Other Indian University Syllabi --- 📚 Perfect For: ✔️ BCom & BBA 1st Semester Students (2025–26) ✔️ Law, CA Foundation, CS Executive Aspirants ✔️ Hindi & English Medium Students ✔️ DU/SOL/IGNOU/BBMKU/JP University & Others