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|1. Sri Lankan Law - Overview |
|Essentials of a contract |
|The essentials of a contract according to the legal system of Sri Lanka are as under: |
|(a) agreement between the parties; |
|(b) actual or presumed intention of the parties to create a legal obligation; |
|(c) due observance of prescribed forms or modes of agreement; |
|(d) legality and possibility of the object of the agreement |
|(e) capacity of the parties to contract; |
|[Weeramantry, page 81]. |
|[The Common law doctrine of “consideration” does not apply to civil law systems, such as... [continues]
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(2010, 08). Contract Law. StudyMode.com. Retrieved 08, 2010, from http://www.studymode.com/essays/Contract-Law-391966.html
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"Contract Law." StudyMode.com. 08, 2010. Accessed 08, 2010. http://www.studymode.com/essays/Contract-Law-391966.html.