The law of contract is about the enforcement of promises, Not all promises are enforced by courts.

in STEEMBRAINS4 years ago

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LAW OF CONTRACT

Law of contract is that body of law is governor both oral writing agreement associated with that exchanged of goods and services.

*. Essential elements in contract.

  1. An offer. Is an expression of willingness to contract on a specific set of terms made by the offer with the intention that if the offer is a accepted he/she will be bound by a contract .

  2. Acceptance. Is an expression of absolutely and unconditional agreement to all the terms set out the offer.

  3. Capacity or Contract. The parties to an agreement must be legal capable for entering into a agreement others wise it cannot be enforce .

      INVALID CONTRACT
  1. This is a contract which other wise is valid except for fact that is cannot be enforce in a law court because of some technical defect.

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Voidable Contract.
This a contract in which one of the parties to the contract has the right to force.

  1. Legal contract.
    This are contract that goes confraete 600 of the country .

  2. Mistake.
    Some type of mistake exist that effect the validity of a contract such mistake which make the contract to be void.

TERMINATION OF CONTRACT.

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  1. By Agreement.A contract can indudes provision where by,the parties agree in contract itself that the contract terminated upon the occurance of a specific event.

  2. By branch .A contract can cut one party branch the terms of the contract that is aies farlane to terms of the contract .

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Wow.... contract if I could remember vividly,is a n agreement......
Nice one

Thanks chief

Nice one

Nice one