Characteristics of a contract

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Contract I Mind Map on Characteristics of a contract, created by Jay Ganesh on 16/10/2013.
Jay Ganesh
Mind Map by Jay Ganesh, updated 3 months ago
Jay Ganesh
Created by Jay Ganesh about 11 years ago
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Characteristics of a contract
  1. 2 - Agreement enforceabke by law
    1. Agreement = offer + acceptance
      1. Every promise or set of promises forming consideration for each other
        1. When a person to whom the proposal is made sigfies his assent thereto, the proposal is said to be accepted
      2. Contract = agreement + Enforceability by law
        1. Not the whole law of agreements nor the whole law of obligations
          1. 10- Valid contract
            1. consent
              1. Ranganayakamma vs Alwarchetti
              2. Competent
                1. Mohiribibi Vs Dharmodas Ghosh
                2. Consideration
                  1. Abdul Aziz Vs Masum Ali
                  2. Lawful object
                    1. Pearce Vs Brookes
                    2. Not void
                      1. 2 or more parties
                        1. Certain
                          1. Selling house - clear
                          2. Legal formalities
                            1. Consensus Ad-Idem
                              1. Boulton Vs Jones
                              2. Intention to create legal relation
                                1. Balfour
                                2. Capable of performance
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