Contract Law Semester One - elements of a contr...

• Law
• Not Applicable
• LW211 - Principles of Contract Law A

Resource Sample

Contract Master Notes THE ELEMENTS OF A CONTRACT The elements of a valid (legally enforceable) contract are: o o o o o o OFFER ACCEPTANCE CONSIDERATION INTENTION TO BE LEGALLY BOUND CAPACITY LEGALITY OFFER +ACCEPTANCE = AGREEMENT. Questions to ask in the exam: 1. "Is there a valid contract " 2. "What are the express and implied terms of the contract " 3. "Have any of the terms been breached " and if so, "what is the effect of the breach " THE OFFER Person making the offer = "Offeror". Person receiving the offer = "Offeree". What is an offer An indication by one party to another, of their willingness to be bound into contract on particular terms without further negotiation (Harvey v Facey; Australian Woollen Mills Pty Ltd) Offers must also be "promissory"- often a promise to do or refrain from doing something. Gives rise to an obligation. Offers to the world at large may be ...

Resource Topics

• Adams v Lindsell
• Carlill v Carbolic Smoke Ball Company
• Central London Property Trust Ltd v High Trees House Ltd
• Contract
• Contract law
• Estoppel
• Intention to be legally bound
• Law
• Mailbox rule
• Meeting of the minds
• Offer and acceptance
• Powell v Lee
• Social Issues
• Technology

Relevant Resources

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