Please enable JavaScript.
Coggle requires JavaScript to display documents.
Commercial Law (The Australian Legal System (Sources of Law
Primary…
Commercial Law
-
Law of Contract
A contract is an agreement between two or more parties under which legal rights and obligations are created which can be enforced
-
Essential elements: offer and acceptance, intention, consideration, capacity, consent, legality
Simple contracts - oral, wholly or partly in writing, implied by conduct
Contracts under seal - formal contract, deed, writing and signed, sealed, delivered
Offer and Acceptance
The Offer
A proposal by one party to enter into agreement - must be communicated, terms must be included, may revoke or lapse, may be made to one or more people
-