ELEMENTS AND ESSENTIAL FEATURES OF AN INSURANCE CONTRACT
ELEMENTS OF AN INSURANCE CONTRACT A contract of insurance requires the presence of the following: Offer. Acceptance. Intention to create legal obligation. Legality of the object. Capacity to contract. 1) Offer: An offer comes from the insured. It is…
CONTRACT OF EMPLOYMENT AND GOVERNMENT REGULATION OF BUSINESS
THE EMPLOYER The employer is somebody or an institution that hires or provides work for another person called, employee for an agreed remuneration. The employer can hire anybody he pleases and relieve any of his employees of work if he…
CONTRACT OF SALE OF GOODS
DEFINITION OF SALE OF GOODS The Sale of Goods Act 1893 defines sale of goods as: ” A contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called, the…
LAW OF CONTRACT
DEFINITION OF CONTRACT A contract can be defined as: “An agreement between two or more parties which is intended by them to have legal backing.” It can also be defined as an agreement creating an obligation, i.e ., a legal…
Study Guide
