Page 7 - 01. Indian Contract Act, 1872

Note

If passenger receives a railway ticket with the words printed, “ This ticket is
issued subject to the notices, regulations and conditions contained in the

current time table of the railway. “ He is bound to accept the terms and
conditions whether he has read them or not.

Standing offer

 It is offer made to supply specific goods of specified or any quantity at a

certain rate for a fixed period. E.g Government tenders.
 It is a nature of continuing offer.

Modes of Contract:

 Generally contracts are in written from agree upon by the parties face to face.
But when it is not possible for the parties to meet they can enter into the

following.
 Contract by post: when the parties are located in different cities or states and its

not possible for them to meet then contract is made by sending the documents

through post. This is called contract by post it is subject to same rules as others
along with certain exceptions as already stated.

 Contracts over telephone:

(i) There is contract as soon as the offer is accepted by the offeree
(ii) Offeree has to be sure that his acceptance has reached the offeror because

phone lines may go dead or generated noise during conversation
(iii) thus offeree should dial again and communicated his acceptance in such

doubt.
2. Intention to create legal relationship:

 Both the parties must have an insertion to go to court, if the other party does not

fulfill his promise.
 Normally, in social and domestic agreements, there is no intention to go to

the court’.

 In commercial agreements, this intention is always present

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