SECTIONS Flashcards
To study the sections of the ICA bareact
Section 2
Interpretation-clause
Section 2 (a)
Proposal
Section 2 (b)
Promise
Section 2 (c)
Promiser and Promisee
Section 2 (d)
Consideration for the promise
Section 2 (e)
Agreement
Section 2 (f)
Reciprocal promises
Section 2 (g)
Void – agreement not enforceable by law
Section 2 (h)
Contract – agreement enforceable by law.
Section 2 (i)
when a contract becomes Void
Section 2 (j)
Voidable contracts
Section 3
.Communication, acceptance and revocation of proposals
Section 4
Communication when complete
Section 5
Revocation of proposals and acceptances
Section 7
Acceptance must be absolute.
Section 6
A proposal is revoked—
Section 8
Acceptance by performing conditions, or receiving consideration.
Section 9
Promises, express and implied
Section 10
What agreements are contracts
Section 11
Who are competent to contract