THE LAW OF CONTRACT (LESSON 1) - ESSENTIAL REQUIREMENTS OF A VALID CONTRACT.

Definition of a contract / importance of the law of contract / types of contracts / valid contract / void contract/enforceable contracts / unenforceable contracts / executed contracts / executory contracts / express contracts / implied contracts / formal contracts / informal contracts / bilateral contracts / unilateral contracts / contracts of uberimae fidei / utmost good faith / simple contracts / voidable contracts / contracts under seal / contracts which require to be in writing / contracts required to be evidenced by a note or memorandum in writing / quasi contracts / what are the essential requirements of a valid contract? The following are the essential requirements / pre-requisites of a valid contract: offer, acceptance, intention to create a legal relationship, consideration, capacity to contract, free consent, lawful object, legal formalities and part performance. / invitation to treat / rules governing offer / types of offer / counter offer/cross offer / conditional offer / single offer / standing offer / termination of offer / how can an offer in a contract be terminated? / lapse of time/acceptance / rejection / rules which govern revocation in a contract / rules which govern acceptance in an offer / acceptance of an offer by post / differences between offer and acceptance / what is consideration as used in the law of contract?/rules which govern consideration / doctrine of privity of a contract / exemptions to the privity rule / the rule in pinnels case / exemptions to the rule in pinnels case / the doctrine of equitable estoppel / central london property ltd vs high trees - 1947 / The case in high trees / contractual capacity in the law of contract / infants and minors / void contracts with minors and infants / valid and binding contracts with minors and infants / voidable contracts with minors and infants / define the following terms as used in the law of contract: conditions, warranty and exemption clause / exclusion clause / vitiating elements in the law of contract are: mistakes, misrepresentation, duress / coercion and undue influence / Types of misrepresentation are: innocent misrepresentation, negligent misrepresentation and fraudulent misrepresentation / CPA/CIFA / ATD / CAMS / KASNEB/Introduction to law / introduction to law and governance / KNEC / ACCA/ICM / William kilungya kimanzi/kimanzi williams/0727871093/Fatima institute/commercial law / Business law/