Contract law notes studocu

What is law of contract acceptance notes?
According to the Indian Contract Act, 1872, Section 2(b), acceptance is expressed as “When the person to whom the proposal has been made signifies his assent thereto, the offer is said to be accepted.
Thus, the proposal when accepted becomes a promise.”.
contracts
Contract types: - Contracts can be divided into three categories: (a) (a) Validity-based classification:- (b) Classification based on their composition: Implied contract: An implied contract is one in which the parties' actions. Quasi-contract: In reality, a quasi-contract isn't even a contract.
One of the essential elements of a valid offer is that both parties subject to a contract must be clear with the intentions of creating a legal relationship.
This also means that agreements that are not enforceable by the law like agreements between relatives are enforceable in the court of law.

Can a statute imply a term into a contract?

If a statute implies a term into a contract it will be a warranty and not a condition of the contract

Only an implied term can be an innominate term

A court can imply a term in law into all contracts of the same type

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WRITTEN CONTRACTS These are contracts which under the law must be written, that is embodied in a formal document e

hire purchase agreement, contract of marine insurance, contract of sale of land

Contracts under seal: this is a contract drawn by one party, sealed and sent to the party / parties forsignature

A contract may be defined as an agreement between two or more parties thatis intended to be legally binding. The primary p…