CAF Law Memory Technique
CAF Law Memory Technique
CAF Law Memory Technique
Brief Explanation:
• Special terms – Any special terms to the contract should be communicated at or before
the time of the contract.
• Non-compliance – Any term of the offer, the non-compliance of which amounts to
acceptance does not constitute a valid offer.
• Legal obligation – The acceptance of offer should give rise to legal obligation.
• Statement of intention – mere statement of intention does not amount to a valid offer.
Consideration Sec. 2 (d). “Cash” is the most common form of consideration 4th Letter is “d”.
Essentials of Consideration:
All – Any person (anyone can furnish Consideration).
Accountants – Act or abstinence
Do – Desire of the promisor.
Change – Consideration cannot be fulfillment of existing obligations.
Very – Value in the eyes of Law.
Reasonably – Real & not illusory.
Less – Lawful
Price – Past, Present or future.
Privity of Contract:
H – Holder in due course of negotiable instrument.
A – Agreements relating to Land.
F – Family arrangement.
T – Trust or change.
A – Acknowledgement of payment.
A – Act of an agent.
Free Consent:
Essentials of coercion.
All – Any person (coercion can move from any to any person).
Dacoits – Detaining or threatening to detain unlawfully property of the other.
Fraud – Sec 17
Essentials of Fraud:
Famous – False statement of facts made with knowledge of its falsity.
Politicians – Party to the contract. (By a party to contract).
Are – Actually deceived (The party defrauded should be actually deceived).
Large – Loss (occurrence of loss is necessary to prove fraud).
Ingenious – Intention to deceive the other party.
Fraudsters – Facts (fraud is with respect to only material facts and not opinions).
Essentials of Misrepresentations:
Outspoken – Object of misrepresentation is to induce the other party to contract (Not
DECEIVE).
Persons – Party to the contract.
Are – Actually acted.
Frequently – False statement of facts made by a person believing it to be true.
Misrepresented – Material facts.
Void Agreements:
Sec 11 – Agreements by parties’ incompetent to contract.
Sec 20 – Agreements under mutual mistake of fact.
Sec 23 – Agreements with unlawful object or Consideration.
Sec 24 – Agreements with partially unlawful Consideration.
Sec 25 – No consideration, No contract.
Sec 26 – Agreements in restraint of marriage.
Sec 27 – Agreements in restraint of trade.
Sec 28 – Agreements in restraint of legal proceedings.
Sec 29 – Agreements the meaning of with is uncertain.
Sec 30 – Agreements by way of wager.
Sec 36 – Agreement contingent on impossible events.
Sec 56 (i) – Agreements with initial impossibility.
Essentials of wager:
It’s – Intention to bet
Usually – Uncertain (based on uncertain event).
Cash – Chance (Mutual)
Neither – No control over the event.
Cheque – Conditional (dependent on outcome).
Nor – No interest in event apart from gain or loss.
Promissory Note – Payment of money or money’s worth.
Discharge of Contract