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General Laws Relating To Contract
General Laws Relating To Contract
2(c) Promisor The person making the proposal is called the "promisor"
Promisee The person accepting the proposal is called the "promisee"
2(d Consideration When, at the desire of the promisor, the promisee or any other person
) for the has done or abstained from doing, or does or abstains from doing, or
promise promises to do or to abstain from doing, something, such act or
abstinence or promise is called a consideration for the promise.
2(e) Agreement Every promise and every set of promises, forming the consideration for
each other, is an agreement.
2(f) Reciprocal Promises which form the consideration or part of the consideration for
Promises each other are called reciprocal promises.
2(g Void An agreement not enforceable by law is said to be void.
)
2(h Contract An agreement enforceable by law is a contract.
)
2(i) Voidable An agreement which is enforceable by law at the option of one or more
Contract of the parties thereto, but not at the option of the other or others, is a
voidable contract.
2(j) Void Contract A contract which ceases to be enforceable by law becomes void when it
ceases to be enforceable.
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
consideration
13 "Consent” defined
17 "Fraud" defined
18 "Misrepresentation" defined
(1) the positive assertion, in a manner not warranted by the
information of the person making it, of that which is not true,
though he believes it to be true;
(2) any breach of duty which, without an intent to deceive, gains
an advantage to the person committing it, or any one claiming
under him, by misleading another to his prejudice or to the
prejudice of any one claiming under him;
(3) causing, however innocently, a party to an agreement to
make a mistake as to the substance of the thing which is the
subject of the agreement.
19 Violability of agreements without free consent
19A Power to set aside contract induced by undue influence
20 Agreement void where both parties are under mistake as to
matter of fact (horse was dead at the time of the bargain, though
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
Void Agreements
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
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Syed Robayet Ferdous, Research Graduate, School of Law, University of Ottawa, Ontario, Canada.
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76- [Repealed by the Sale of Goods Act, 1930 (Act No. III of 1930), VII SALE OF
123 section 65.] GOODS