Contracts law exam summary notes
Contracts law complete exam summary notes
Resource Sample
CONTRACTS SUMMARY
CONTRACTS SUMMARY
0. General Principles
•
The facts indicate that the six essentials required for a contract to be enforceable by law are present: Offer & Acceptance,
Intention, Consideration, Legal Capacity, Genuine Consent, and Legality. Therefore the contract between the parties is
binding.
•
A contract is an agreement, giving rise to obligations that will be enforced by law.
•
Only parties to a contract are legally bound by it and entitled to enforce it. (Trident)
Contents
1. Formation of a contract
1.1. Agreement
1.2. Illusory, incomplete and uncertain agreements
1.3. Consideration
1.4. Intention to create legal relations
2. Terms and contents of a contract
2.1. Identification of the terms
2.2. Interpretation of exclusion clauses
2.3. Terms which can be implied into a contract
3. Genuine agreement
3.1. Mistake – Variation & Rectification
3.2. Misrepre...
Resource Topics
Relevant Resources
