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HR AUDIT AND EVALUATION.pptx
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Poster Presentation.docx

  1. 1. The Indian Contract Act Elements of Valid Contract 1. Offer and Acceptance 2.Consideration with lawful object 3.Intention to create legal obligation 4.Free Consent 5.Capacity of Parties 6.Enforceable by Law 7.Writing and Registration Types of Contract 1.Voidable Contract 2.Void Contract 3.Unenforceable Contract 4.Express Contract 5.Passive Contract 6.Executed Contract 7.Implied Contract 8.Quasi Contract 9.Contingent Contract 10.Executory Contract Agreement (Section 2 (c)) Every Promise and set of Promises, Forming the Consideration for each other is called Agreement. Conditions for Contract Becoming Void 1.Undue Influence 2.Fraud 3.Misrepresentation 4.Coercion Agreement= Offer + Acceptance Contract= Agreement + Enforceability by law Wager- An agreement between two parties to the effect that if a given uncertain event occurs one party shall pay certain sum to other party, There is no insurable interest Discharge of Contract- Termination of Contract, The rights and obligation comes to an end. Actual Breach of Contract-When during the performance of the contract or when performance is due, one party either fails or refuses to perform his obligations Law of Agency (Section 182) How is Agency Constituted? Agency by Agreement Agency by Necessity Agency by Estoppel Agency by operation of law Agency by Ratification

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