OFFER AND ACCEPTANCE

First element in the contract

Unqualified assent to all the terms of the
offer(acceptance definition)
Making yourself present in the contract(assuming)
Entering in to a legal relation after offer is accepted
It is expressed by the conduct of the two parties

OFFER AND ACCEPTANCE

2 major element to make contract legally valid
All parties must be in agreement
Something of value must be exchanged such as
Cash
Services
Goods
To keep up the promise

INTENTION TO CREATE LEGAL RELATIONS

Create legal relation in contract to cases
appropriate court action
Agreement leads to binding contract
Aimed at sifting out cases which are really
appropriate for court action
Not all agreement goes can be taken to court.

INTENTION TO CREATE LEGAL RELATIONS

For example
you may have anagreement to meet a friend at a
Restaurant .You may have a moral duty to honour that
agreement but not a legal duty to do so.
This is because in general the parties to such
agreements do not intend to be legally bound and the
law seeks to mirror the party's wishes. In order to
determine which agreements are legally binding
andhave an intention to create legal relations, the law
draws a distinction betweensocial and domestic
agreementsandagreements made in a

CONSIDERATION
legalvalue in connection with contracts.
value promised to another when making a contract.
can take the form of money, physical objects, services,
promised actions, abstinence from a future action, and
much more.
It can take the form of a right, interest or benefit
accruing to one party, or some forbearance, detriment,
loss, or responsibility, given, suffered or undertaken by
the other .

CONSIDERATION
For example
Jaguar Land rover limited gets your money through their
dealer; you get their product which you opted
Starbucks gets your money; you get their coffee
(by contract i.e delivery time)

CAPACITY AND PRIVACY OF CONTRACT

Legal doctrine that a contract confers rights and
imposes liabilities only on its contracting parties.
They, and not any third-party, can sue each other (or
be sued) under the terms of the contract
Collateral Contracts:
A collateral contract is one that accompanies the main contract between two
parties. It is one involving either of them and a third party
Multilateral Contracts:
When a person joins an unincorporated association such as a club, it could be said
that he has gone into a contractual relationship with other members even if he may
not be aware of their identity and if the person only liaises with the secretary of the
organization
Agency:

CAPACITY AND PRIVACY OF CONTRACT

If Mr. A makes a contract with Mr. B, he comes under a
legal obligation to pay damages if he fails to keep his
promise. The enforceability or liability as regards this
contract lies firmly in the hands of A and B to the
exclusion of others, this is the foundation of the
doctrine of privity of contract.