Browse through topics for Senior Secondary 3 1st, 2nd and 3rd Terms, All Weeks, All Subjects
Term: 1st Term
Class: Senior Secondary School 3
Age: 17 years
Duration: 40 minutes of 2 periods each
Topic:- Contract II
SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to
INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source
INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures
The teacher reviews the previous lesson on contract
Students pay attention
She explains each types of contract under each class
She states the methods by which a contract can be terminated
Students pay attention and participates
She further discusses the meaning of breach of contract and the remedies for it
Students pay attention and participate
The teacher writes a summarized note on the board
The students copy the note in their books
CLASSIFICATION OF CONTRACTS
(i) valid contract
This is a contract that contains all the six essential elements.
(ii) void contract
A void contract is an agreement without legal effect and is usually
incapable of enforcement
(iii) voidable contract
A voidable contract is a contract lacking in some basic requirements that
may be rejected or concurred to by one of the parties
The characteristics of a voidable contract are
(1) it is valid and binding on both the parties so long as it lasts
(2) the law gives an option to one of the parties to avoid it if he so chooses
(3) the party entitled to repudiate the contract is not bound to repudiate it.
(iv) unenforceable contract
An unenforceable contract is one which cannot be enforced in a court of
law because of some technical defects such as absence of writing, time
barred, want of stamp etc. Such contracts may be carried out by the
parties. But in the event of breach or repudiation of contract, the aggrieved
party is not entitled to the legal remedies.
(V) illegal contract.
An illegal agreement is one which is criminal in nature or which is immoral
or which is against public policy, A contract arising out of an illegal
agreement is illegal ab initio.
(i) Unilateral contract
A unilateral contract is one in which only one party has to fulfil his obligation
at the time of the formation of the contract the other party having fulfilled his
obligation at the time of the contract or before contract comes into
(ii) Bilateral contract
A bilateral contract is one in which the obligation on the part of both the
parties to the contract are outstanding at the time of the contract.
(iii) Executed contract
If a contract has been fully performed, it is regarded as executed. In that
case the obligee has no further claim to make.
(iv) Executory contract.
An executory contract is one that has not been fully performed in which
case something remains to be done.
(i) Express Contract
This is contract in which both parties have exercised their freedom to make
oral or written declarations of their intention and terms of the transaction.
(ii) Written contract
This is a documented contract in the sense that the terms of contract are
written down. A written contract can be formal or informal depending on the
circumstances of the case.
(iii) Quasi or implied contract.
This is contract entered into by the mere conduct or act of both parties.
There is no written or oral evidence except the act or conduct of the parties.
For instance, any time you buy something from a departmental store or
market, a contract is an impliedly.
METHODS BY WHICH CONTRACTS CAN BE TERMINATED
The contract comes to an end when the parties have fulfilled their part of
promises and carried out their obligations.
If a contract is or becomes impossible to perform then it leads to
termination of the contract.
from their contractual obligations
basis of the contract had been destroyed pr frustrated by an act of God
fixed for the agreement has been elapsed
bring an end to the contract
parties go bankrupt
BREACH OF CONTRACT AND REMEDIES
A breach of contract occurs whenever a party who entered a contract
fails to perform their promised obligations
Some of the remedies of a breach of contract are
EVALUATION: 1. Explain each type of contract under the class
CLASSWORK: As in evaluation
CONCLUSION: The teacher commends the students positively