Chapter One: The Concept of Contract

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  • Created by: Becky1102
  • Created on: 30-05-18 14:57
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  • Chapter One: The Concept of Contract
    • What is a contract?
      • Parties must agree and the agreement must be recognised and enforceable by law.
      • An agreement that gives rise to obligations and which is enforceable and recognised by the law.
      • A contract gives parties legal rights.
    • The essentials of a valid contract
      • Agreement (offer and acceptance).
      • Intention to create legal relations.
      • Consideration.

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