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Contract Act

Contract Act

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Published by arunDJ

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Categories:Types, Business/Law
Published by: arunDJ on Jun 14, 2010
Copyright:Attribution Non-commercial

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10/11/2011

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BUSINESS LAW BUSINESS LAW 
Indian Contract Act, 1872Indian Contract Act, 1872
Prof. Anjali AurangabadkarProf. Anjali Aurangabadkar
 
BUSINESS LAW BUSINESS LAW 
1. The Contract Act, 1871:1. The Contract Act, 1871:
N
ature and classification of contracts
N
ature and classification of contracts --Essential elements of a valid contract Essential elements of a valid contract 
Offer and AcceptanceOffer and Acceptance --ConsiderationConsideration -- Capacities of Parties. Provisions relating toCapacities of Parties. Provisions relating tofree consent void agreements. Provisionsfree consent void agreements. Provisionsrelating to performance and discharge of relating to performance and discharge of contract Breach of contract contract Breach of contract --Meaning andMeaning and remediesremedies
 
D
EFINITION OF CONTRACT 
Contract : ³A contract is anagreement between two or moreparties which the law will enforce´.
 Agreement
Parties ( two or more)
Enforcement by law

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