Types of Contract | Types of Contract CA Foundation | Types of Contract in Indian Contract Act 1872
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- čas přidán 15. 09. 2020
- In this video I have covered different kinds of Contracts which includes
1. Valid Contract
2. Void Contract
3. Voidable Contract
4. Unenforceable Contract
5. Express Contract
6. Implied Contract
7. Constructive / Quasi Contract
8. E- Com Contract / Contract over Internet
9. Executed Contract
10. Executory Contract
11. Unilateral Contract
12. Bilateral Contract
with the help of Examples in a very Easy language. You can also make law notes by pausing the video.
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There is a mistake in my explanation of Bilateral Contract...Sorry for the same....A bilateral Contract is a reciprocal arrangement between two parties by which each party promises to perform an act in exchange for the other's party act. For example A offers some goods for sale at an agreed price after one month to B and B agrees to pay for the goods when he receives them.
Executed contract means when both the parties have performed their obligation .So bilateral agreement becomes executed agreement when both the parties perform their obligation
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Bilateral contact is one where the obligation is outstanding on both the parties......🙂
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There is mistake in my explanation...Sorry for the same....A bilateral agreement is a reciprocal arrangement between two parties by which each party promises to perform an act in exchange for the other's party act. For example A offers some goods for sale at an agreed price after one month to B and B agrees to pay for the goods.
when he receives them.
Best teacher ✨no doubt.
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