2. BUSINESS & INDUSTRIAL LAW
B.COM-II
Facilitator:
ASIF VAID
SIR ADAMJEE INSTITUTE OF MANAGEMENT SCIENCES

3. 4. POSSIBILITY OF PERFORMANCE
ESSENTIALS OF A VALID CONTRACT
1. OFFER & ACCEPTANCE
2. LEGAL OBJECT
Accepted
Accepted
Gave Offered his Bike for Rs.30,000
Mr. A
Mr. B
Offered Drugs worth Rs.50,000
Mr. A
Mr. B
SAIMS
Offeror
Offeree
Contract is VOID
With All the Details
Illegal Object
3. LAWFUL CONSIDERATION
Accepted
4. POSSIBILITY OF PERFORMANCE
Govt. Officer
Offered a Govt. Job for Rs.200,000
Mr. A
Mr. A
Offered to discover Gold by Magic
Mr. B
BRIBE
UNLAWFUL
Impossible to Perform
Contract is VOID
Contract is VOID
CONSIDERATION
Something in Return
SIR ADAMJEE INSTITUTE OF MANAGEMENT SCIENCES

4. SAIMS ESSENTIALS OF A VALID CONTRACT
5. FREE CONSENT
6. CERTAINTY OF TERMS
Accepted
SAIMS
Signs a Contract on gunpoint
Offered his Car for Sale
Mr. A
Mr. B
Mr. A
Mr. B
COERCION
Contract is VOID
Has 3 different Cars
Which Car ?
CONSENT
Will / Wish
UNCLEAR
IS NOT FREE IF OBTAINED WITH:
COERCION
MISTAKE
FRAUD
Contract is VOID
UNDUE INFLUENCE
MISREPRESENTATION
SIR ADAMJEE INSTITUTE OF MANAGEMENT SCIENCES
SIR ADAMJEE INSTITUTE OF MANAGEMENT SCIENCES

5. SAIMS ESSENTIALS OF A VALID CONTRACT
7. CAPACITIES OF PARTIES
8. LEGAL OBLIGATION
Accepted
Accepted
Offers to Sell his House for Rs.10 M
SAIMS
Mr. A
Offered his Car for Rs.600,000
Minor
Mr. A
Mr. B
Contract is VOID
NOT CAPABLE
FAILS TO FULFILL THE PROMISE
CAN FILE A CASE ON MR.A
CAPABLE
NOT CAPABLE
9. WRITING NOT NECESSARY
Accepted
MAJOR
MINOR
Offered his Cell Phone for Rs.30,000
Mr. A
Mr. B
SOUND MIND
UNSOUND MIND
NOT DISQUALIFIED FROM ANY COURT OF LAW
DISQUALIFIED FROM ANY COURT OF LAW
ORAL OR
WRITTEN
SIR ADAMJEE INSTITUTE OF MANAGEMENT SCIENCES
SIR ADAMJEE INSTITUTE OF MANAGEMENT SCIENCES