Contingent and Qusai Contracts
[pic]
“CONTINGENT & QUASI CONTRACTS”
[pic]
Contents
1. Contract.
2. Types of contract.
3. Contingent contract.
• Definition.
• Illustration.
4. Essentials/characteristics of contingent contract.
5. Rules regarding contingent contract.
1. Uncertain event.
2. Impossible event.
3. Performance dependent on non-happening of event.
4. Performance depending on particular individual.
5. Events within fixed time.
6. Dependence on impossible event.
6. Examples of contingent contract.
7. Quasi contract.
• Definition.
• Condition or contractual obligation.
1. Supply of necessaries.
2. Payment by an interested person.
3. Condition of liability under the section.
4. Liability to pay for non-gratuitous.
5. Finder of goods.
6. Right of a finder of goods.
7. Liabilities of a finder of goods.
8. Mistake or coercion.
8. Examples of quasi contract.
Contract:
‘A contract is an agreement between two or more person to do or not to do some particular thing, such agreement being enforceable at law’.
CONTRACT
Formation basis Performance basis Validity basis Special basis
Express contract Executed contract Valid contract Bailment contract
Implied contract Executory contract Void contract Indemnity contract
Quasi contract
“CONTINGENT & QUASI CONTRACTS”
[pic]
Contents
1. Contract.
2. Types of contract.
3. Contingent contract.
• Definition.
• Illustration.
4. Essentials/characteristics of contingent contract.
5. Rules regarding contingent contract.
1. Uncertain event.
2. Impossible event.
3. Performance dependent on non-happening of event.
4. Performance depending on particular individual.
5. Events within fixed time.
6. Dependence on impossible event.
6. Examples of contingent contract.
7. Quasi contract.
• Definition.
• Condition or contractual obligation.
1. Supply of necessaries.
2. Payment by an interested person.
3. Condition of liability under the section.
4. Liability to pay for non-gratuitous.
5. Finder of goods.
6. Right of a finder of goods.
7. Liabilities of a finder of goods.
8. Mistake or coercion.
8. Examples of quasi contract.
Contract:
‘A contract is an agreement between two or more person to do or not to do some particular thing, such agreement being enforceable at law’.
CONTRACT
Formation basis Performance basis Validity basis Special basis
Express contract Executed contract Valid contract Bailment contract
Implied contract Executory contract Void contract Indemnity contract
Quasi contract