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Contract Act Ppt

Contract Act Ppt

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Published by Ankur Dubey

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Published by: Ankur Dubey on May 19, 2010
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05/03/2013

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 The Contract Act 1872
Sem II
 
Index
Definitions
Classifications of Contracts
Essential Elements of a Valid Contract
Discharge of a Contract
Contingent contracts
 
Definitions
When one person signifies to another his willingness to do orto abstain from doing anything, with a view to obtaining theassent of that other to such act or abstinence, he is said tomake a
PROPOSAL or OFFER
A proposal, when accepted, becomes a
PROMISE
of theofferer
When a person to whom the proposal is made, signifies hisassent thereto, the
PROPOSAL
is said to be
ACCEPTED
 The person making the proposal is called the
"PROMISOR",
and the person accepting the proposal is called
"PROMISEE”
 

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