July 2011
Intermediate to advanced
224 pages
6h 56m
English
Content preview from Business Regulatory Framework
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1
Nature and Kinds of Contract
CHAPTER OBJECTIVES
After carefully reading this chapter, you will be able:
- To understand the meaning of a contract.
- To get a clear idea about the essential elements of a contract.
- To know, how all contracts are agreements but all agreements are not contracts.
- To identify the various types of contracts.
INTRODUCTION
In our daily life, we very often enter into contracts, either knowingly or unknowingly. When we go to the market to buy vegetables, we enter into contracts with the vendors. It is the same when we board a train to be a passenger or enter a cinema hall after buying a ticket. When we perform these activities in our ordinary course of life, we do not realise that we are entering into contracts. The ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.