Simple contracts the typical kind...........

17

Requirements for the formation of a simple contract..........

18

Legality of contract..................................................

19

Genuineness of consent...............

20

Intent to contract..............

21

Sec. 17. Simple Contracts The Typical Kind

Although formal contracts are historically the earlier, simple contracts at the present time are of much greater importance. Furthermore the rules applicable to simple contracts have been borrowed to a greater or less extent by the law governing formal contracts. It, therefore, seems wise in considering the formation of contracts to disregard historical order and first to consider simple contracts.