offers and Acceptance ,
Offers,
When one person signifies to another, his willingness to do or to abstain from doing anything with a view to obtaining the assent of that other to such act or abstinence ,he is said to make a proposal.
Acceptance,
When a person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted.
Discharge of contract,
1) Performance.
2) mutual consent or agreement.
3) lapse to time.
4) operation.
5) impossibility of performance.
6) breach of contract.
Consideration,
The term Consideration means something in return. the something may be benefit to the promissory or a loss or liability to the promise or a loss.
Capacity to contract,
1.Who is of The age of majority according to the law to which he is subject.
2.Who is of sound mind.
3.Who is not disqualified from contracting by any law to which he is subject.
B) For formation,
1. A written agreement.
2. Inferred agreement.
a) quasi - agreement
b) Implicit agreement
C) To Execute,
1. A contract that has been completed.
2. A contract for execution.
proposal's and approval
Makes offers,
proposal is made when someone expresses to another that he is willing to do something or refrain from doing something in order to get that other person's consent to that act or abstinence.
gratitude,
A proposal is deemed accepted when the individual to whom it is made indicates his or her agreement.
cancellation of the agreement,
1) Execution.
2) Consent or agreement between both parties.
3) Let time go by.
4) The process.
5) the inability to perform.
6) Breach of agreement.
Considering,
Consideration refers to receiving something in return.
ability to shrink,
who, in accordance with the law to which he is subject, is of majority age.
who is mentally sound.
Anyone is not prohibited from entering into contracts by any laws that apply to him.
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