SlideShare a Scribd company logo
The essential elements of contract
Definition of Contract:
An agreement enforceable by law is a contract.
Some agreements can not be enforced through the courts
of law. For example, an agreement to play cards or go to a
cinema.
The essential elements of contract:
Offer and acceptance
Intention to create legal relationship
Lawful consideration
Capacity of parties
Free consent
Legality of the object
Certainty
Possibility of performance
Void agreements
Writing, registration and legal formalities
Method of formation of a contract:
Express contract
Implied contract
Quasi contract
The time of performance of a contract:
Executed contract
Executory contract

More Related Content

More from badhon11-2104

HRM Practice in NCC Bank Limited
HRM Practice in NCC Bank Limited HRM Practice in NCC Bank Limited
HRM Practice in NCC Bank Limited
badhon11-2104
 
Applying Porter Diamond model on Beximco Textile Ltd.
Applying Porter Diamond model on Beximco Textile Ltd.Applying Porter Diamond model on Beximco Textile Ltd.
Applying Porter Diamond model on Beximco Textile Ltd.
badhon11-2104
 
The Impact of Electronics Commerce in Bangladesh
The Impact of Electronics Commerce in BangladeshThe Impact of Electronics Commerce in Bangladesh
The Impact of Electronics Commerce in Bangladesh
badhon11-2104
 
Summery of the savar tragedy
Summery of  the savar tragedySummery of  the savar tragedy
Summery of the savar tragedy
badhon11-2104
 
Coca-cola Company track the customers demand and design the product.
 Coca-cola Company track the customers demand and design the product. Coca-cola Company track the customers demand and design the product.
Coca-cola Company track the customers demand and design the product.
badhon11-2104
 
“The impact of advertisement of consumer’s goods on customer’s brand preference”
“The impact of advertisement of consumer’s goods on customer’s brand preference”“The impact of advertisement of consumer’s goods on customer’s brand preference”
“The impact of advertisement of consumer’s goods on customer’s brand preference”
badhon11-2104
 
Sources of hindu law
Sources of hindu lawSources of hindu law
Sources of hindu law
badhon11-2104
 
Great Leaders Around the World & Their Leadership Style
Great Leaders Around the World & Their Leadership StyleGreat Leaders Around the World & Their Leadership Style
Great Leaders Around the World & Their Leadership Style
badhon11-2104
 
Real Examples of Business Law
Real Examples of Business LawReal Examples of Business Law
Real Examples of Business Law
badhon11-2104
 
consumer rights protection act 2009(Badhon)
consumer rights protection act 2009(Badhon)consumer rights protection act 2009(Badhon)
consumer rights protection act 2009(Badhon)
badhon11-2104
 
Tips of information Systems Form a functional Perspective(Badhon)
Tips of information Systems Form a functional Perspective(Badhon)Tips of information Systems Form a functional Perspective(Badhon)
Tips of information Systems Form a functional Perspective(Badhon)
badhon11-2104
 
Trade deficit narrows 34pc (%) as imports fall (fy13
Trade deficit narrows 34pc (%) as imports fall (fy13Trade deficit narrows 34pc (%) as imports fall (fy13
Trade deficit narrows 34pc (%) as imports fall (fy13
badhon11-2104
 
Holistic marketing concept on Unilever Bangladesh limited
Holistic marketing concept on Unilever Bangladesh limitedHolistic marketing concept on Unilever Bangladesh limited
Holistic marketing concept on Unilever Bangladesh limited
badhon11-2104
 
The role of financial market and institution in the economic development of b...
The role of financial market and institution in the economic development of b...The role of financial market and institution in the economic development of b...
The role of financial market and institution in the economic development of b...
badhon11-2104
 
Overview of financial system of bangladesh
Overview of financial system of bangladeshOverview of financial system of bangladesh
Overview of financial system of bangladesh
badhon11-2104
 
Business plan assignment(By Badhon)
Business plan assignment(By Badhon)Business plan assignment(By Badhon)
Business plan assignment(By Badhon)
badhon11-2104
 
The Role of Financial Intermediaries and financial Market (By Badhon)
The Role of Financial Intermediaries and financial Market (By Badhon)The Role of Financial Intermediaries and financial Market (By Badhon)
The Role of Financial Intermediaries and financial Market (By Badhon)
badhon11-2104
 

More from badhon11-2104 (17)

HRM Practice in NCC Bank Limited
HRM Practice in NCC Bank Limited HRM Practice in NCC Bank Limited
HRM Practice in NCC Bank Limited
 
Applying Porter Diamond model on Beximco Textile Ltd.
Applying Porter Diamond model on Beximco Textile Ltd.Applying Porter Diamond model on Beximco Textile Ltd.
Applying Porter Diamond model on Beximco Textile Ltd.
 
The Impact of Electronics Commerce in Bangladesh
The Impact of Electronics Commerce in BangladeshThe Impact of Electronics Commerce in Bangladesh
The Impact of Electronics Commerce in Bangladesh
 
Summery of the savar tragedy
Summery of  the savar tragedySummery of  the savar tragedy
Summery of the savar tragedy
 
Coca-cola Company track the customers demand and design the product.
 Coca-cola Company track the customers demand and design the product. Coca-cola Company track the customers demand and design the product.
Coca-cola Company track the customers demand and design the product.
 
“The impact of advertisement of consumer’s goods on customer’s brand preference”
“The impact of advertisement of consumer’s goods on customer’s brand preference”“The impact of advertisement of consumer’s goods on customer’s brand preference”
“The impact of advertisement of consumer’s goods on customer’s brand preference”
 
Sources of hindu law
Sources of hindu lawSources of hindu law
Sources of hindu law
 
Great Leaders Around the World & Their Leadership Style
Great Leaders Around the World & Their Leadership StyleGreat Leaders Around the World & Their Leadership Style
Great Leaders Around the World & Their Leadership Style
 
Real Examples of Business Law
Real Examples of Business LawReal Examples of Business Law
Real Examples of Business Law
 
consumer rights protection act 2009(Badhon)
consumer rights protection act 2009(Badhon)consumer rights protection act 2009(Badhon)
consumer rights protection act 2009(Badhon)
 
Tips of information Systems Form a functional Perspective(Badhon)
Tips of information Systems Form a functional Perspective(Badhon)Tips of information Systems Form a functional Perspective(Badhon)
Tips of information Systems Form a functional Perspective(Badhon)
 
Trade deficit narrows 34pc (%) as imports fall (fy13
Trade deficit narrows 34pc (%) as imports fall (fy13Trade deficit narrows 34pc (%) as imports fall (fy13
Trade deficit narrows 34pc (%) as imports fall (fy13
 
Holistic marketing concept on Unilever Bangladesh limited
Holistic marketing concept on Unilever Bangladesh limitedHolistic marketing concept on Unilever Bangladesh limited
Holistic marketing concept on Unilever Bangladesh limited
 
The role of financial market and institution in the economic development of b...
The role of financial market and institution in the economic development of b...The role of financial market and institution in the economic development of b...
The role of financial market and institution in the economic development of b...
 
Overview of financial system of bangladesh
Overview of financial system of bangladeshOverview of financial system of bangladesh
Overview of financial system of bangladesh
 
Business plan assignment(By Badhon)
Business plan assignment(By Badhon)Business plan assignment(By Badhon)
Business plan assignment(By Badhon)
 
The Role of Financial Intermediaries and financial Market (By Badhon)
The Role of Financial Intermediaries and financial Market (By Badhon)The Role of Financial Intermediaries and financial Market (By Badhon)
The Role of Financial Intermediaries and financial Market (By Badhon)
 

Recently uploaded

What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
adhitya5119
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 
How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17
Celine George
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
Dr. Mulla Adam Ali
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
mulvey2
 
Chapter wise All Notes of First year Basic Civil Engineering.pptx
Chapter wise All Notes of First year Basic Civil Engineering.pptxChapter wise All Notes of First year Basic Civil Engineering.pptx
Chapter wise All Notes of First year Basic Civil Engineering.pptx
Denish Jangid
 
คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1
คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1
คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1
สมใจ จันสุกสี
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
Celine George
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
Nicholas Montgomery
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
Priyankaranawat4
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
Nguyen Thanh Tu Collection
 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
Jyoti Chand
 
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxBeyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
EduSkills OECD
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Celine George
 
Main Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docxMain Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docx
adhitya5119
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Academy of Science of South Africa
 
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skillsspot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
haiqairshad
 

Recently uploaded (20)

What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 
How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
 
Chapter wise All Notes of First year Basic Civil Engineering.pptx
Chapter wise All Notes of First year Basic Civil Engineering.pptxChapter wise All Notes of First year Basic Civil Engineering.pptx
Chapter wise All Notes of First year Basic Civil Engineering.pptx
 
คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1
คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1
คำศัพท์ คำพื้นฐานการอ่าน ภาษาอังกฤษ ระดับชั้น ม.1
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
 
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxBeyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
 
Main Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docxMain Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docx
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
 
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skillsspot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
 

The essential elements of contracts(Badhon)

  • 1. The essential elements of contract Definition of Contract: An agreement enforceable by law is a contract. Some agreements can not be enforced through the courts of law. For example, an agreement to play cards or go to a cinema.
  • 2. The essential elements of contract: Offer and acceptance Intention to create legal relationship Lawful consideration Capacity of parties Free consent Legality of the object Certainty Possibility of performance Void agreements Writing, registration and legal formalities
  • 3. Method of formation of a contract: Express contract Implied contract Quasi contract The time of performance of a contract: Executed contract Executory contract