LAW OF CONTRACT
Law of contract is that body of law is governor both oral writing agreement associated with that exchanged of goods and services.
*. Essential elements in contract.
An offer. Is an expression of willingness to contract on a specific set of terms made by the offer with the intention that if the offer is a accepted he/she will be bound by a contract .
Acceptance. Is an expression of absolutely and unconditional agreement to all the terms set out the offer.
Capacity or Contract. The parties to an agreement must be legal capable for entering into a agreement others wise it cannot be enforce .
INVALID CONTRACT
This is a contract which other wise is valid except for fact that is cannot be enforce in a law court because of some technical defect.
Voidable Contract.
This a contract in which one of the parties to the contract has the right to force.
Legal contract.
This are contract that goes confraete 600 of the country .Mistake.
Some type of mistake exist that effect the validity of a contract such mistake which make the contract to be void.
TERMINATION OF CONTRACT.
By Agreement.A contract can indudes provision where by,the parties agree in contract itself that the contract terminated upon the occurance of a specific event.
By branch .A contract can cut one party branch the terms of the contract that is aies farlane to terms of the contract .
Wow.... contract if I could remember vividly,is a n agreement......
Nice one
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Thanks chief
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Nice one
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Nice one
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