The Concept of Contract

Contract law - an introduction really...what are those elements that make up a contract?!

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  • Created by: Emma
  • Created on: 21-05-09 07:57
What is a contract?
An agreement giving rise to obligations which is enforceable by law
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What are the basic elements of a contract?
Offer, acceptance, consideration and intention to create legal relations
2 of 3
What does privity of contract mean?
Only parties to a contract are bound by it and can benefit from it
3 of 3

Other cards in this set

Card 2

Front

What are the basic elements of a contract?

Back

Offer, acceptance, consideration and intention to create legal relations

Card 3

Front

What does privity of contract mean?

Back

Preview of the front of card 3

Comments

Kizzer

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Fantastic!

Truly

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Great!

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