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Contracts Full HD Notes

200011 - Contracts

1 Found helpful 118 Pages Complete Study Notes Year: Pre-2018

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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