The Law of Contract

Abstract

After reading this chapter you will know about:

• 1 the essentials of contracts: offer and acceptance, consideration and the intention to create legal relations

• 2 the vitiating elements which can render a contract void, voidable or unenforceable: mistake, misrepresentation, duress and undue influence, illegality, lack of formality and lack of capacity to contract

• 3 the classification of the terms of a contract, including express and implied terms and exclusion clauses

• 4 the ways in which a contract is discharged: performance, agreement, acceptance of breach and frustration