An agreement is sum of promise and offer. Every promise and every set of promises forming the consideration for each other. Proposal or offer when accepted becomes a promise . So we can define that all agreements are contracts, if they are made by the free consent of the parties. An agreement to form a valid contract should be supported by considenation which should be real and lawful. On the basis of formation as the follwing: 1. Express contracts are expressly agreed upon in words.
2. Implied contract is one which is inferred from the acts or conduct of the parties.
3. Tacit contract all implied contract in itself. (Eg-Taking ticket in the bus, during journey).
4. Quasi contract is created by a proposal may be revoked at any time before the communication of its acceptance is conpleted as against the proposer but not afterward.
Have some legal maxims, such as, A contract and an agreement over come the law. No action arises on a contract without a consideration.
''Referendum" is a general term which refers to a measure that appears on the ballot. There are two primary types of referenda: the legislative referendum, where by the Legislature refers a measure to the voters for their approval, and the popular referendum, a measure that appear on the ballot as a result of a voter petition drive.
2. Implied contract is one which is inferred from the acts or conduct of the parties.
3. Tacit contract all implied contract in itself. (Eg-Taking ticket in the bus, during journey).
4. Quasi contract is created by a proposal may be revoked at any time before the communication of its acceptance is conpleted as against the proposer but not afterward.
Have some legal maxims, such as, A contract and an agreement over come the law. No action arises on a contract without a consideration.
''Referendum" is a general term which refers to a measure that appears on the ballot. There are two primary types of referenda: the legislative referendum, where by the Legislature refers a measure to the voters for their approval, and the popular referendum, a measure that appear on the ballot as a result of a voter petition drive.
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