Chapter One: The Concept of Contract
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- 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.
- What is a contract?
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