(1.) On a reference by a learned single Judge the following two questions are up for consideration and answer:
(2.) In our country, except so far as specifically provided for and covered by any other legislation, the matter relating to all agreements constituting subsratum of a valid contract are subject to and governing by the Indian Contract Act, 1872, hereinafter called the Contract Act.
(3.) Clauses (h) and (g) of Section 2 of the Contract Act declare that all agreement which are enforceable by law are contracts and those which are not enforceable by law are void.