trupti
26-11-07, 09:24 AM
Essentials of Valid Contract:
-Presence of Offer & Acceptance
-Balfour v Balfour: Intention to create legal relation is essential to create contract
-There must be consideration present
-Persons entering into contract must possess capacity to Contract
-Object of the contract must be legal
-Presence of Offer & Acceptance
-Balfour v Balfour: Intention to create legal relation is essential to create contract
-There must be consideration present
-Persons entering into contract must possess capacity to Contract
-Object of the contract must be legal