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Contracts Full HD Notes

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A contract is an agreement giving rise to obligations which are enforced or recognised by law. A contract is a promise (or a set of promises) that are legally binding, that is, that the law will compel the person making the promise (the ‘promiser’) to perform, or to pay damages to compensate the person whom it was made (the ‘promisee’) for non-performance.

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118 Pages Complete Study Notes 1-2 Years old
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Topics this document covers:
Contract law Law Private law Offer and acceptance Posting rule Revocation Carlill v Carbolic Smoke Ball Co Contract Option contract Invitation to treat Meeting of the minds Acceptance
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Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Contract law Law Private law Offer and acceptance Posting rule Revocation Carlill v Carbolic Smoke Ball Co Contract Option contract Invitation to treat Meeting of the minds Acceptance
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A contract is a promise (or a set of promises) that are legally binding, that is, that the law will compel the person making the promise (the ‘promiser’) to perform, or to pay damages to compensate the person whom it was made (the ‘promisee’) for non-performance. CLASSICAL CONTRACT THEORY: ❖ Contract is an expression of the joint will of the arties ❖ Contracts are self-imposed obligations ❖ Parties should be free to create their own private law ❖ The state’s responsibility should be to create a civil infrastructure in which parties are free to contract, and to enforce private contracts when called upon ❖ Practical limitation of classical theory: it could not accommodate the sympathy that developed for those who lacked the bargaining power needed to protect their own interests, or the growing desire of the courts to intervene in order to ensure just outco...
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Principles of contract law notes includes cases of contracts and covers topics of agreement (offer and acceptance), consideration, intention, certainty, formalities and capacity. Agreement – Offer Definition: An offer is an indication from one person to another of his or her willingness to enter into a contract with that person subject to specific terms (Carter, Pedan & Tollhurst). The manifestation of willingness to enter into a bargain, so made as to justify another person in understanding that his assent to that bargain is invited’. (American Law Institute, 2nd Restatement of Contracts). 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This student studied:
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This student studied:
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Combined readings, tutorials and lecture notes. Designed for exam open book reference.

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