The Law of Contract 2 Notes

Institution University of Nairobi
Course LLB
Year 1st Year
Semester Unknown
Posted By Verah Cate
File Type pdf
Pages 74 Pages
File Size 436.18 KB
Views 1410
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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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