Offer and acceptance Section 2(a) of Indian contract act defines offer as when one person signifies to another his willingness to do or to abstain from doing something with…

lndira Gandhi National Open University School of Management Studies ECO-05 MERCANTILE LAW General Law of Contract4 w - , National Indira Gandhi Open University School of…

TOPIC 2 LAW OF CONTRACT * * LEARNING OUTCOMES By the end of this topic, students should be able to: To explain the definition of contract. To determine the essential elements…

LAW OF CONTRACT PREPARED BY: NORAZLA ABDUL WAHAB What is Contract? Agreement between 2 or more parties that legally binding between them. S.2 (h) of the Contracts Act 1950-â¦.…

Contract Law Exam Notes Contract Law Exam Notes Offer: An offer is an expression to another of a willingness to be bound by the stated terms Australian Woollen Mills Pty…

Slide 1 CONSIDERATION …. the price paid for the promise Slide 2 Benefit/detriment “Inconvenience sustained by one party at the request of the other is enough to create…

Contract Law Exam Notes Contract Law Exam Notes Offer: An offer is an expression to another of a willingness to be bound by the stated terms Australian Woollen Mills Pty…

Contract Law Exam Notes Contract Law Exam Notes Offer: An offer is an expression to another of a willingness to be bound by the stated terms Australian Woollen Mills Pty…

Indian Contract Act Definition of a contract: Sec. 2(h) : "An agreement enforceable by law is a contract.” 'Every contract is an agreement but every agreement…

Offer and Invitation to treaty An offer is a statement of the terms on which the offeror is willing to be bound. For a contract to exist, usually one party must have made…