Page 52 - PRINCIPLE OF LAW- FINAL (eISBN) pdf

Politeknik Kota Bharu

2.0 LAW OF CONTRACT

2.1 ESSENTIAL OF VALID AND ENFORCEABLE CONTRACT

2.1.1 AGREEMENT (OFFER / ACCEPTANCE)

• Based on Contract law 1950:

• Clause 2e - every promise and every set of promises, forming

the consideration for each other, is an agreement.

• Clause 2g - an agreement not enforceable by law is said to be

void.

• Clause 2h - an agreement enforceable by law is a contract

(i) Agreement

▪ Agreement has been reaching when there has been

definite offer/proposal and definite acceptance

between the parties.

▪ Clause 2c the person making the proposal is called
the “promisor” and the person accepting the

proposal is called the “promisee”.

▪ Clause 4 – Communication of proposal/acceptance :

oral @ letter/post @ telex.

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