The latest mode of making instant contracts is to enter into contracts through computer internet. Through Computer internet, which is the most revolutionary mode of communication system, it is possible to send messages across the world from one part of the globe to another part of the globe. These messages through e-mail reach from the sender to the addressee instantly. Every day thousand of millions of messages pass on across the world between the persons of the same country and between persons of one country and persons of another country. The internet connects countless networks throughout the world, which include corporate net works, Universities, International Business Houses and other individuals