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The Law of Contract 2 Notes
| Institution | University of Nairobi |
| Course | LLB |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Verah Cate |
| File Type | |
| Pages | 74 Pages |
| File Size | 436.18 KB |
| Views | 1044 |
| Downloads | 1 |
| Price: |
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Description
The document defines and classifies contracts, outlines their essential elements, and discusses requirements for a contract to exist including offer and acceptance. Contracts can be bilateral, involving an exchange of promises, or unilateral, involving an act in return for a promise. A valid contract requires agreement, consideration, intention to create legal relations, capacity, consent, legality and certain formalities depending on the type of contract. A contract can be valid, void, voidable or unenforceable depending on defects.
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