Page:United States Statutes at Large Volume 76A.djvu/210

–114– -114CHAPTER 31—NATURE OF A CONTRACT STTBCHAPTEB 1—DEFINITIONS

See. 1001. Contract defined. 1002. Essential elements of contract. 8UBCHAPTES U—^PABTIES

1021. 1022. 1023. 1024.

Persons capable of contracting. Capacity of minors and persons of unsound mind. Identification of parties necessary. Contract for benefit of third person. BtJBOHAFTEB in—CONSENT

1041. Essentials of consent. 1042. Voidable consent. 1043. Causes defeating reality or freedom of consent. 1044. Wben causes exist. 1045. Duress. 1046. Menace. 1047. Kinds of fraud. 1048. Actual fraud. 1049. Constructive fraud. 1050. Actual fraud as question of fact. 1051. Undue influence. 1052. Kinds of mistake. 1053. Mistake of fact. 1054. Mistake of law. 1065. Mistake of foreign laws. 1056. Mutuality of consent 1057. Communication of consent. 1058. Communication of acceptance of proposaL 1059. Completion of communication. 1060. Acceptance of proposal. 1061. Absolute or qualified acceptance. 1062. Time for revoking proposal. 1063. Method of revoking proposal. 1064. Ratification of voidable contract 1065. Consent by acceptance of benefits. SUBCHAPTER IV—OBJKCT

1081. 1082. 1083. 1084. 1086.

Object defined. Requisites of the object. Impossibility defined. Unlawful, impossible, or unascertainable object One of several objects unlawful. SUBCHAFTEB V—CONSIDERATION

1101. 1102. 1103. 1104. 1106. 1106. 1107. 1108. 1109. 1110.

Good consideration defined. Legal or moral obligation. Lawful consideration. Effect of illegal consideration. Executed or executory consideration. Executory consideration. Ascertainment of consideration. Impossibility of ascertaining consideration. Written Instrument Burden of proving want of consideration.

Subchapter I—Definitions § 1001. Contract defined A contract is an agreement to do or not to do a certain thing. § 1002. Essential elements of contract It is essential to the existence of a contract that there should be: (1) parties capable of contracting; (2) their consent; (3) a lawful object; and (4) a sufficient cause or consideration.

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