Introduction to Law of Contract & Indian Cntract Act,1872. Before the year 1872, there was no uniform Law of Contract applicable to the whole.

Оценка 1,0 (1) This chapter deals with the formalities that are involved before a contract comes into existence. It then looks at the terms of contract, vitiating factors.

The Indian Contract Act came into force on the first day of September 1872. The Act was molded on the basis of the principles of contracts established by courts ...

Theory of Contracts. -. An agreement between two or more parties enforceable under law. -. Purpose: to tie down the future (predictability).

An illegal agreement is an agreement expressly or impliedly prohibited by law. A void agreement is one without any legal effects. Different types of agreements.

(PDF) CONTRACT LAW NOTES. pdf | cliff stiles - Academia.edu. Sign up or log in and get access to over 50 million papers.

The essentials of contract set out in Section 10 above are: (1) Free consent of the parties; (2) Competence of parties to contract; (3) Lawful consideration ...

Comment: A written contract is regarded as a simple contract and, therefore, requires the same ele- ments for validity as an oral contract. Even promis- sory ...

➢ The Indian Contract Act consists of the following two parts: (a) General principals of the Law of Contract. (b) Special kinds of contracts. ➢ The general ...

An agreement may be both legal and illegal. It is not necessary for every agreement to have legal obligation. Types of contracts :- (1).