it is about a valid contract.

1. Contract ACT 1872
Business Law

2. Relationship
Is Created by
Blood Contract
Brother & Sister
Father & Son
Husband & Wife
Sale / Purchase
Employer / Employee
Landlord / Tenant
Partnership Business

3. How to become owner of Property/Goods
By
Inheritance Contract
Seller looses ownership &
buyer gets ownership
Includes GIFT,
Purchase, Sales

4. Contract Act, 1872
Definition of Contract by Pollack
“every agreement and promise enforceable at law is contract.”

5. Definition of Contract by Salmond
“a contract is an agreement creating and defining
obligations between the parties”
Contract Act, 1872

6. Definition of Contract by Sir William Anson
“a legally binding agreement between two or more persons
by which rights are acquired by one or more to acts or
forbearance on the part of others.”
Contract Act, 1872

7. Contract Act, 1872

8. Contract Act, 1872

9. Contract = Agreement + Enforceability
Agreement = Offer + Acceptance
Enforceability = Legal obligations b/w parties
Contract Act, 1872

10. Contract Act, 1872

11. Contract Act, 1872

12. ESSENTIALS OF VALID CONTRACT

13. ESSENTIALS OF VALID CONTRACT

14. ESSENTIALS OF VALID CONTRACT

15. ESSENTIALS OF VALID CONTRACT

16. ESSENTIALS OF VALID CONTRACT

17. ESSENTIALS OF VALID CONTRACT

18. ESSENTIALS OF VALID CONTRACT

19. ESSENTIALS OF VALID CONTRACT

20. ESSENTIALS OF VALID CONTRACT

21. ESSENTIALS OF VALID CONTRACT

22. ESSENTIALS OF VALID CONTRACT

23. ESSENTIALS OF VALID CONTRACT

24. ESSENTIALS OF VALID CONTRACT

25. ESSENTIALS OF VALID CONTRACT

26. ESSENTIALS OF VALID CONTRACT

32. Thank You..
!