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The document summarizes the key aspects of contract law in India according to the Indian Contract Act of 1872. It defines a contract as an agreement that is enforceable by law. There must be an offer and acceptance, as well as consideration and intent to create a legal relationship. For a contract to be valid, it must meet several essential elements, including lawful object and capacity of the parties. Contracts are classified according to their validity as void, voidable, illegal or unenforceable. They can also be express or implied based on how they are formed.
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A indian contract
The document discusses key aspects of contract law under the Indian Contract Act of 1872. It defines a contract as an agreement that is enforceable by law. For an agreement to be considered a contract and enforceable, it must meet conditions like offer and acceptance, lawful consideration, capacity and consent of parties. Not all agreements are contracts - only those satisfying the requirements of Section 10 of the Act, such as being made freely with lawful object, become valid and enforceable contracts. Others that fail these tests are void agreements not enforceable by law.
Indian contract act_1872
The document discusses the definition and classification of contracts according to Indian law. It defines a contract as a legally binding agreement between two or more parties that creates rights for one or more parties to acts or forbearances from others. Contracts are classified according to their validity, formation, and performance. The key elements required for a contract to be valid include an offer, acceptance, lawful consideration, capacity and consent of parties, a lawful object, agreement not declared void, certainty of terms, and possibility of performance.
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The document discusses the essential elements of a valid contract under Indian contract law, including proposal/offer, acceptance, consideration, capacity and consent of parties. It defines different types of agreements and contracts, such as valid/void/unenforceable contracts, voidable/void/unenforceable agreements, and executed/executory contracts. It also explains key concepts like proposal/offer, acceptance, counter-offers, invitation to offer, and standing offers.
Business law
This document provides an overview of business law concepts related to contracts. It defines a contract as an agreement that is enforceable by law, consisting of an agreement and consideration. It outlines the essential elements of a valid contract including offer, acceptance, consideration, capacity of parties, free consent, and lawful object. It also distinguishes between different types of contracts such as valid, voidable, void, unenforceable, illegal, express, implied, quasi, executory, and executed contracts. Key points of consent, certainty, and kinds of contracts are also summarized.
Formation of Contract
It gives information about how contracts are formed. What are the offers, agreements, promise, enforceability according to Indian Contract act 1872.
nature of_contract
The document discusses the nature of contracts under Indian law. It defines key terms like jus in rem, jus in personam, agreement, promise, and obligation. It explains that a contract requires an agreement with intent to create a legal obligation, lawful consideration, capacity and consent of parties, a lawful object, certainty and possibility of performance. The essential elements of a valid contract according to Indian Contract Act are also summarized. Finally, the document outlines different types of contracts based on their creation, execution and validity.
Contract and types of Contract
Formation of Contracts: To form a contract the following steps are the basic steps those should be followed
Firstly a proposal has to be accepted to be a promise;
Secondly then the promise is to be considered to form an agreement;
Finally the agreement should have the enforceability of law to form a lawful contract
.Nature of contrac_ts
The document provides an overview of the key concepts in the Indian Contract Act of 1872. It defines key terms like agreement, promise, proposal, consideration and essential elements of a valid contract. It explains the types of contracts based on validity, formation and performance. Some key points are:
- A contract is an agreement that is enforceable by law. It requires offer, acceptance, lawful consideration and intention to create legal relations.
- The essential elements of a valid contract are agreement, lawful consideration, capacity of parties, free consent, lawful object and certainty.
- Contracts can be classified as valid, void, voidable or illegal based on validity. They can also be express, implied or quasi based on formation
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A indian contract
The document discusses key aspects of contract law under the Indian Contract Act of 1872. It defines a contract as an agreement that is enforceable by law. For an agreement to be considered a contract and enforceable, it must meet conditions like offer and acceptance, lawful consideration, capacity and consent of parties. Not all agreements are contracts - only those satisfying the requirements of Section 10 of the Act, such as being made freely with lawful object, become valid and enforceable contracts. Others that fail these tests are void agreements not enforceable by law.
Indian contract act_1872
The document discusses the definition and classification of contracts according to Indian law. It defines a contract as a legally binding agreement between two or more parties that creates rights for one or more parties to acts or forbearances from others. Contracts are classified according to their validity, formation, and performance. The key elements required for a contract to be valid include an offer, acceptance, lawful consideration, capacity and consent of parties, a lawful object, agreement not declared void, certainty of terms, and possibility of performance.
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The document discusses the essential elements of a valid contract under Indian contract law, including proposal/offer, acceptance, consideration, capacity and consent of parties. It defines different types of agreements and contracts, such as valid/void/unenforceable contracts, voidable/void/unenforceable agreements, and executed/executory contracts. It also explains key concepts like proposal/offer, acceptance, counter-offers, invitation to offer, and standing offers.
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It gives information about how contracts are formed. What are the offers, agreements, promise, enforceability according to Indian Contract act 1872.
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The document discusses the nature of contracts under Indian law. It defines key terms like jus in rem, jus in personam, agreement, promise, and obligation. It explains that a contract requires an agreement with intent to create a legal obligation, lawful consideration, capacity and consent of parties, a lawful object, certainty and possibility of performance. The essential elements of a valid contract according to Indian Contract Act are also summarized. Finally, the document outlines different types of contracts based on their creation, execution and validity.
Contract and types of Contract
Formation of Contracts: To form a contract the following steps are the basic steps those should be followed
Firstly a proposal has to be accepted to be a promise;
Secondly then the promise is to be considered to form an agreement;
Finally the agreement should have the enforceability of law to form a lawful contract
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The document provides an overview of the key concepts in the Indian Contract Act of 1872. It defines key terms like agreement, promise, proposal, consideration and essential elements of a valid contract. It explains the types of contracts based on validity, formation and performance. Some key points are:
- A contract is an agreement that is enforceable by law. It requires offer, acceptance, lawful consideration and intention to create legal relations.
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The document defines key concepts in contract law such as void, voidable, unenforceable, illegal contracts. It distinguishes between void and voidable contracts, noting that void contracts cannot be enforced from the beginning while voidable contracts can be enforced or avoided by the aggrieved party. The document also discusses different types of contracts such as express vs implied, executed vs executory, unilateral vs bilateral, and formal vs simple contracts.
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This document provides an overview of the nature of contracts. It defines a contract as an agreement between two or more parties that is enforceable by law. It outlines the requirements for a valid contract, including offer and acceptance, lawful object/agreement, consideration, capacity, and certainty of terms. It also lists scenarios that would result in an invalid contract, such as lack of consent or an unlawful agreement. Additionally, it discusses the nature of contract law and essential elements of a valid contract. Finally, it classifies different types of contracts such as void, voidable, express, implied, quasi-contracts and more.
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The document discusses the key aspects of contract law in India including definitions of basic terms, essential elements of a valid contract, and classifications of contracts. It defines a contract as a legally binding agreement and notes that for an agreement to be enforceable as a contract under Indian law, there must be offer and acceptance, lawful consideration, capacity and free consent of parties, lawful object, certainty and possibility of performance, and it must not be void under any law or public policy. It also outlines 10 essential elements for a valid contract and classifies contracts based on validity and formation.
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This document defines and explains the key elements of a contract. It begins by defining a contract as a legal agreement that establishes rights and obligations for all parties. A contract is defined in Indian law as an "agreement enforceable by law" and has two elements: an agreement, defined as accepted promises between parties, and being enforceable under law. The document outlines different types of contracts based on their validity, performance requirements, and number of parties involved. It provides examples of express, implied, quasi-contracts and more to comprehensively cover the nature and classification of contracts.
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This document discusses the fundamentals of contracts under Indian law. It defines a contract as an agreement enforceable under law to do or abstain from doing something in exchange for consideration. An agreement requires elements like promise, acceptance, consideration, competence and free consent to constitute a valid contract. Contracts become legally binding civil obligations when they satisfy essential requirements like free consent, offer and acceptance. The document also outlines different types of contracts recognized in law such as adhesion, aleatory, bilateral, unilateral, express, implied, void, voidable, and quasi-contracts.
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This document provides an overview of contract law in India. It defines key terms like offer, acceptance, consideration and agreement. It explains the essential elements of a valid contract according to Indian law, including offer and acceptance, lawful consideration, capacity of parties, free consent, lawful object and possibility of performance. It also distinguishes between different types of contracts and agreements, such as express vs implied contracts, and agreements that are enforceable by law (contracts) vs those that are not.
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This document discusses different types of contracts under business law. It outlines contracts based on enforceability such as valid, voidable, void, and unlawful contracts. It also categorizes contracts based on mode of creation including express and implied contracts. Finally, it examines contracts based on execution like executed, executory, and constructive contracts. The key points are valid contracts are enforceable by law, voidable contracts are enforceable until avoided, and unlawful contracts are void from the beginning.
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b) the specific qualifications to which the general definition of contract is subjected to
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A contract is defined as an agreement that is enforceable by law. Contracts can be expressed or implied, and are formed based on the agreement between parties. Contracts also vary in their validity, execution, and liability. They can be valid, voidable, void, illegal, unenforceable, executed, executory, unilateral, or bilateral. The key elements that define a contract are the agreement between parties and enforceability under law.
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The document discusses key concepts in Indian contract law. It defines a contract as an agreement that is enforceable by law according to the Indian Contract Act of 1872. It notes there must be offer and acceptance (agreement), consideration, capacity of parties, consensus on the subject matter, a lawful objective, and free consent for an agreement to constitute a valid contract under Indian law. The document provides examples and explanations of these essential elements of a valid contract.
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The Indian Contract Act of 1872 is the main source of contract law in India. It defines a contract as an agreement that is enforceable by law. The Act has two parts - the first deals with general contract principles and the second addresses special types of contracts. A valid contract requires an offer and acceptance, lawful consideration, capacity and consent of parties, a lawful object, and certainty of terms. The Act also defines key elements like proposal, acceptance, and consideration and classifies contracts as valid, void, voidable, unenforceable, and illegal.
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The document discusses the nature and importance of contract law. It provides 7 definitions of a contract from various sources. A contract is generally defined as a promise or set of promises that is legally binding and enforceable. For a valid contract to exist there must be an offer, acceptance, and consideration. Contract law protects business interests and transactions by enforcing agreements and providing remedies for breach of contract. It is an essential part of business and commerce.
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The document provides an introduction to contract law, covering key topics such as the purpose of contracts, elements of a valid contract, types of contracts, and remedies available even when no contract exists. It defines a contract as a promise that is legally enforceable, and discusses how contract law has developed over time, becoming less dependent on written forms and considering fairness. The types of contracts covered are bilateral vs unilateral, express vs implied, executory vs executed, and valid vs unenforceable/voidable/void agreements. Promissory estoppel and quasi-contract are also introduced as remedies when no contract exists. Sources of contract law discussed include common law, the Uniform Commercial Code, and the Restatement.
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The document summarizes key aspects of Indian contract law as established in the Indian Contract Act of 1872. Some main points:
1. The Indian Contract Act of 1872 is the main source of contract law in India and was passed based on principles of English common law.
2. It determines the circumstances in which promises made by parties to a contract will be legally binding.
3. The Act establishes essential elements for a valid contract such as offer, acceptance, lawful consideration, competent parties, and free consent.
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This document provides an overview of contract law in India according to the Indian Contract Act of 1872. It discusses key concepts such as the definition of a contract, essential elements of a valid contract including offer, acceptance, consideration, capacity and consent. It also describes different types of agreements that do not constitute legally binding contracts. The summary is as follows:
1) The Indian Contract Act of 1872 governs contract law in India and defines a contract as an agreement enforceable by law involving an offer, acceptance and consideration.
2) Essential elements of a valid contract include offer and acceptance, lawful consideration, capacity and consent of parties, lawful object, and certainty of terms.
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This document provides an overview of business law and contracts in Pakistan. It discusses key topics such as the definition of law and business law, essential elements of a valid contract including offer, acceptance, consideration and capacity of parties. It also classifies contracts according to enforceability, formation, parties and performance. The Contract Act of 1872 is the main law governing contracts in Pakistan and covers general contract principles and specific contract types like indemnity and agency.
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This document defines key concepts related to proposals, offers, and contracts under Indian law. It discusses the definition of a valid offer and different types of offers. It also explains how proposals and offers can be communicated and accepted to form a legally binding contract. Implied proposals without explicit statements are also addressed. The document outlines how proposals and acceptances can be revoked and the Supreme Court's views on establishing contractual intent.
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This document discusses the fundamentals of contracts under Indian law. It defines a contract as an agreement enforceable under law to do or abstain from doing something in exchange for consideration. An agreement requires elements like promise, acceptance, consideration, competence and free consent to constitute a valid contract. Contracts become legally binding civil obligations when they satisfy essential requirements like free consent, offer and acceptance. The document also outlines different types of contracts recognized in law such as adhesion, aleatory, bilateral, unilateral, express, implied, void, voidable, and quasi-contracts.
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This document provides an overview of contract law in India. It defines key terms like offer, acceptance, consideration and agreement. It explains the essential elements of a valid contract according to Indian law, including offer and acceptance, lawful consideration, capacity of parties, free consent, lawful object and possibility of performance. It also distinguishes between different types of contracts and agreements, such as express vs implied contracts, and agreements that are enforceable by law (contracts) vs those that are not.
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The document discusses key concepts in corporate and business law, specifically the Indian Contract Act of 1872. It defines what a contract is under Indian law, noting that a contract is an agreement that is enforceable by law. It outlines the essential elements required for a valid contract, including offer and acceptance, lawful consideration, capacity and consent of parties, lawful object, and certainty of terms. It also classifies contracts according to their validity, formation, and time of performance.
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This document discusses different types of contracts under business law. It outlines contracts based on enforceability such as valid, voidable, void, and unlawful contracts. It also categorizes contracts based on mode of creation including express and implied contracts. Finally, it examines contracts based on execution like executed, executory, and constructive contracts. The key points are valid contracts are enforceable by law, voidable contracts are enforceable until avoided, and unlawful contracts are void from the beginning.
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The Indian Contract Act 1872 is the main source of law regulating contracts in India. It determines the circumstances in which promises made between contracting parties become legally binding. The Act establishes the essential elements required for a valid contract, including offer and acceptance, lawful consideration, competent parties, free consent, lawful object, and no express voidness. It also defines different types of contracts based on their validity, formation, and performance. The Act aims to enforce the rights and duties of contracting parties under Indian law.
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Learning Objective:
Students will learn
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This slide is regarding the basis and nature of contract. To understand in a easy way with simple case law go with my slide.
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The document summarizes key aspects of contract law in India as contained in the Indian Contract Act of 1872. It discusses the following:
1) The law of contract in India is primarily contained in the Indian Contract Act of 1872, which deals with general contract principles and some special contracts.
2) A contract creates a jus in personam (right against a person) as opposed to a jus in rem (right against a thing). For a contract to be valid, there must be an agreement between two parties, consideration, lawful object, capacity and free consent of parties.
3) Essential elements of a valid contract include offer, acceptance, intention to create a legal relationship, consideration, capacity of parties and
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1)Basis & nature of contract PowerPoint Presentation..pptx
1)Basis & nature of contract PowerPoint Presentation..pptx
1)Basis & nature of contract PowerPoint Presentation..pptx
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本科毕业证书,学历学位认证如何办理【留学国外学位学历认证、毕业证、成绩单、大学Offer、雅思托福代考、语言证书、学生卡、高仿教育部认证等一切高仿或者真实可查认证服务】代办国外（海外）英国、加拿大、美国、新西兰、澳大利亚、新西兰等国外各大学毕业证、文凭学历证书、成绩单、学历学位认证真实可查。
[留学文凭学历认证(留信认证使馆认证)新西兰林肯大学毕业证成绩单毕业证证书大学Offer请假条成绩单语言证书国际回国人员证明高仿教育部认证申请学校等一切高仿或者真实可查认证服务。
多年留学服务公司,拥有海外样板无数能完美1:1还原海外各国大学degreeDiplomaTranscripts等毕业材料。海外大学毕业材料都有哪些工艺呢？工艺难度主要由：烫金.钢印.底纹.水印.防伪光标.热敏防伪等等组成。而且我们每天都在更新海外文凭的样板以求所有同学都能享受到完美的品质服务。
国外毕业证学位证成绩单办理方法：
1客户提供办理新西兰林肯大学新西兰林肯大学毕业证学位证信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
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3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）
— — — — 我们是挂科和未毕业同学们的福音我们是实体公司精益求精的工艺！ — — — -
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4：个人职称评审加20分个人信誉贷款加10分。
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本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
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如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
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◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
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3:国家专业人才认证中心颁发入库证书
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Mercantile law
- 2. Contract and Its Essentials
- 3. THE INDIAN CONTRACT ACT 1872 History The Indian Contract Act came into force on 1 September 1872. The Third Law commission of British India formed in 1861 under the stewardship of chairman Sir John Romilly had presented the report on contract law for India as Draft Contract Law (1866). The Draft Law was enacted as The Act 9 of 1872 on 25 April 1872 and the Indian Contract Act, 1872 came into force with effect from 1 September 1872.
- 4. Contract Definition A contract is an agreement which is made between two or more than two Parties in which the Law will enforce. According to Section 2(h) of the Indian Contract Act, 1872 a contract is an agreement which is Enforceable by law. A contract essentially consist of two elements (1) Agreement (2)enforceability by law.
- 5. Agreement According to sec.2(e), Every promise and set of promises forming consideration for each other. Promise According to sec.2(b), When a person made a proposal to another to whom proposal is made, if proposal is assented there to receiver.
- 6. Agreement = Offer + Acceptance Offer A offer is proposal which is made by one party to another to enter into a legally binding agreement with him.sec.2(a) Acceptance A contract emerges from the acceptance of an offer.
- 7. Consensus ad-idem According to sec.13,meeting of minds or identity of minds or receiving the same thing in same sense at same time.
- 8. Obligation An agreement to become a contract, must give rise to a legal obligation or duty.
- 9. Essential of a valid Contract (according to sec. 10) 1. Offer and acceptance 2. Intention to create legal relationship 3. Lawful consideration 4. Capacity of parties-competency 5. Free and genuine consent 6. Lawful object 7. Agreement not declared void 8. Certainty and possibility of performance 9. Legal formalities
- 11. 1. Classification According To Validity 1. Voidable contract 2. Void agreement 3. Void contract 4. Illegal agreement 5. Unenforceable contract
- 12. 2. Classification according to formation 1. Express contract 2. Implied contract
- 13. Thanks from you all