Nothing Special   »   [go: up one dir, main page]

Law Assign

Download as pdf or txt
Download as pdf or txt
You are on page 1of 4

+252611858118/+252-699777440

Mogadishu University Https://mu.ed.so.com


‫جـــــــامــــــعة مقديشـــــو‬ info@mu.edu.so.
‫ الصومـــال‬- ‫مقديشو‬ Ex-Control Campus

Towards a better future

Assignment Group Letter

 University: Mogadishu University


 Subject: Introduction to Law
 Batch : (MUBATCH24/PS/IR/PA)
 Semester: 2nd
 Lecturer/Tutor’s Name: Ismail Mohamud
 Assigment Tittle: Activity
 Group No: (09/PS/IR/PA)
 Due date: 12/5/2021
 Date submitted:26/5/2021

Group Student’s List


No ID-NO Student’s Name Department
1 00001 Abukar Mohamed Ibrahim
2 00002 Mucaad Ahmed Maadey
3 00003 Aisho Abdullahi Ahmed
4 00004 Asma Abdullahi Abukar
5 00005 Samiiro Mohamed Ali

Author Supervisor
__________________ ___________________
___________________________________________________________________________________

INTRODUCTION TO LAW
An overview of the Contract
Contract is an agreement enforceable by law. Between two or more parties for the doing
or not doing of something specified.Contracts can also be classified according to
performance. A contract can be either executed or executor. An executed contract—is
where one party has performed all that is required to be done according to the contract. For
example, Alan delivers one tonne of wood to Brian. Alan has performed his part of the
contract, now it remains for Brian to pay the price. An executor contract—This is a contract
where both parties still have obligations to perform under the contract.

Classification of contract
Contracts can be classified into five broad divisions namely

1. The method of formation of a contract


2. The time of performance of contract
3. The parties of the contract
4. The method of formalities of the contract
5. The method of legality of the contract

1. The method of formation of a contract

Under the method of formation of a contract may be three kinds

• Express contract
• Implied contract
• Quasi contract

Express contract: Express contract is one which expressed in words spoken


or written. When such a contract is formal, there is no difficulty in understanding the rights
and obligations of the parties.

Implied contract: The condition of an implied contract is to be understood form the acts,
the contract of the parties or the course of dealing between them.

Quasi contract: There are certain dealings which are not contracts strictly, though the
parties act as if there is a contract. The contract Act specifies the various situations which
come within what is called Quasi contract.

2
___________________________________________________________________________________

2.The time of performance of contract

Under the method of the time of performance of contract may be two kinds

• Executed Contract
• Executory Contract

Executed Contract: There are contracts where the parties perform their obligations
immediately, as soon as the contract is formed.

3. The parties of the contract

Under the method of the parties of the contract may be two kinds

• Bilateral Contract
• Unilateral Contract

Bilateral Contract: There must be at last two parties to the contract. Therefore all contracts
are bilateral or multilateral.Unilateral Contract: In certain contracts one party has to fulfill
his obligations where as the other party has already performed his obligations. Such a
contract is called unilateral contract.

4. The method of formalities of the contract

Under the method of the method of formalities of the contract may be two kinds

• Formal contract
• Informal contract

Formal contract: A formal contract is a contract which is formatted by satisfied all the
essentials formalities of a contract.Informal contract: An informal contract is a contract
which is failed to satisfy all or any of the essentials formalities of a contract.

5.The method of legality of the contract

Under the method of the method of legality of the contract may be five kinds

1. Valid Contract
2. Void Agreement
3. Void able Contract
4. Unenforceable Agreement
5. Illegal Agreement

3
___________________________________________________________________________________

Types of Contract

Valid Contract: An agreement which satisfied all the essential of a contract and which is
enforceable through the court is called valid contract.

Void Agreement: An agreement which is failed to satisfied all or any of the essential
element of a contract and which is not enforceable by the court is called void agreement.
An agreement not enforceable by law is said to be void. A void agreement has no legal
fact. It confers no right on any person and created no obligation.

Example: An agreement made by a minor. Void able Contract: An agreement which is


enforceable by law at the open of one or more parties of the contract but not at the open of
the other or others is a void able contract.A void able contract is one which can be avoided
and satisfied by some of the parties to it. Until it is avoided, it is a good contract. Example:
contracts brought about by coercion or undue influence or misrepresentation or fraud.

Unenforceable Agreement: An Unenforceable Agreement is one which cannot be enforcing


in a court for its technical and formal defect. Example: (1) An agreement required by law
to register but not resisted. (2) An agreement with not satisfied stamped.

Illegal Agreement: An illegal agreement is one which is against a law enforcing in


Bangladesh.

________________________________________________________________________

END

You might also like