Professional Documents
Culture Documents
V The principles & regulations established in a community
by a certain authority & applicable to its people, whether
in the form of legislation or of customs & policies
recognized and enforced by judicial decision.
J oercion is a weapon of law which law has forged, but it is not the
basis of law.´
V According to Pound
V Kinds of Jurisprudence
G ?istorical Jurisprudence
G Ethical Jurisprudence
G Analytical Jurisprudence
V Imperative Law
V Physical or Scientific Law
V Natural or Moral Law
V onventional Law
V ustomary Law
V Practical or Technical Law
V International Law
V ivil Law
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N.A Senate
Ordinance
President
Assent
Sent for reconsideration
Reject by Parliament
Act
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V It extends to the whole of Pakistan.
V It had 266 sections Initially
V Sec 1-75 ( General principles relating to all types of
contracts)
V Sec 76-123( Repealed after enactment of Sale of Good
Act)
V Sec 124-147 ( ontracts of Indemnity & Guarantee)
V Sec 148-181 ( ontracts of Bailment & Pledge)
V ontracts of Agency (Section 182-238)
V SE 239-266 (Repealed after enactment of Partnership
Act)
V ontract is an agreement between two or more
persons creating rights & obligations that are
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V Section 2(h) of the ontract Act defines ontract
as J an agreement enforceable by law´
V ontract
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B) Enforceable by law
V Section 2(e) defines µEvery promise or every set of
promises forming the consideration for each other,
is an agreement.¶
V Agreement
G Promise
G onsideration
G Plurality of persons
V Section 2(b) of the ontract Act defines J
when a person to whom the proposal is made
signifies his assent thereto, the proposal is said to
be accepted. A proposal when accepted becomes
a promise.´
V Promise is
G Assent for acceptance
G To a proposal
VA contract is an agreement
V An agreement is a promise
V A promise is an accepted
proposal
V Every agreement is result of a
proposal from one side and its
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V An agreement is enforceable if it is recognized by
courts.
V It must create legal obligations between the
parties( otherwise not a contract)
V All contracts are agreements but all agreements
are not contracts.
V Agreements
G Social ( do not enjoy the benefit of law, donot create legal
obligation)
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process of contract.
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V If a person, incapable of entering into a contract,
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reimbursed from the property of such incapable
person
V The person to whom the necessaries are supplied is incapable
of entering into a contract (minor, unsound mind, insolvent)
V The other person has supplied him with necessary suited to his
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