law of contract
by Zym Zulkiflee

1. INTRODUCTION
1.1. An oral contract is a contract, the terms of which have been agreed by spoken communication. This is in contrast to a written contract, where the contract is a written document.
1.2. agreement between two parties that is legally
2. OFFER
2.1. S2 a contract act 1950 ,when a person shows his willing to do something of value,he can makes a proposal or an offer
3. ACCEPTANCE
3.1. when the person to whom the proposal is made signifies his assests thereto
3.2. a proposal,when accpeted,become a promise
4. CONSIDERATION
4.1. known as value for a promise
4.2. willingness to abstain from doing something can constitute consideration
4.3. need to be quantified in term of money
4.4. promise in return for a promise made by the others party can also constitute consideration
4.5. exception
4.5.1. natural love and affection
4.5.1.1. an agreement made on account of love and affection between tha parties standing in a near relation to each other need not be supported by consideration provided
5. INTENTION TO CREATE A LEGAL RELATION WITH OTHERS.
6. offer
6.1. can be made in writing or can be orally or by a telephone conversation or can be in walk in enquiry too
6.2. offeror , a person who makes an offer to others
6.3. offeree,a must to whom an offer is made an offer must be communicated to the offeree.
7. types of offer
7.1. uniliteral
7.1.1. when an offer makes a uniliteral offer
7.2. bilateral
7.2.1. one where the offeree is identifiable