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Contracts Act, 1960 (Act 25)

Act
Ghana Source: GhaLII
ContractsAgreementBusiness Law

Summary (Plain English)

Governs the formation and enforcement of contracts in Ghana. Key principles: a contract requires offer, acceptance, and consideration. Oral contracts are generally valid but certain contracts must be in writing (land transactions, guarantees, contracts not to be performed within one year). Contracts can be voided for fraud, duress, undue influence, or mistake. Minors (under 18) have limited contractual capacity.

What This Means For You

  • • Oral contracts are generally valid and enforceable
  • • Land and property contracts must be in writing
  • • Contracts with minors are voidable
  • • Written contracts recommended for any significant transaction
  • • Consideration (something of value) required for a valid contract

Original Source

https://ghalii.org/legislation/act/1960/25

Content sourced from GhaLII. Always refer to the official document for authoritative text.

Not legal advice. This summary is for informational purposes only. ONIM does not store or republish full legal texts. Always consult a qualified legal professional for advice specific to your situation.