Introduction to Contract Law

What is a Contract ? ,[object Object],[object Object],[object Object],[object Object]

Notion of Free Contract ,[object Object],[object Object]

Form of Contracts ,[object Object],[object Object],[object Object]

2 classes of Contract ,[object Object],[object Object],[object Object],[object Object]

Bilateral & Unilateral ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Offeror The person who make the offer Offeree The person to whom the contract was made

Unilateral contracts ,[object Object],[object Object],Example : X promises a reward to anyone who will find his lost wallet. X bound himself to the promise, but no one is bound to search for the lost wallet. But if Y, having seen the offer, recovers the wallet and returns it, he is entitled to the reward. 1 Offeror Many Offerees

Essential elements of a Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object]

Enforceability ,[object Object],[object Object],[object Object],[object Object]

Introduction to Contract Law

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Introduction to Contract Law