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CONRTACT LAW (Exemption Clauses/ Exclusion/Limitation clauses (Case laws,…
CONRTACT LAW
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4 Elements
Offer
Elements
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Can be made to one,group or world
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Not an offer
1) ITT ( Advertisements, display of graphs )
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Consideration
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If no consideration, contract is not binding
Exception:
- Contracts under seal ( e.g. deed )
RULES
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2) Need not be adequate, but must be sufficient
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Terms of contract
Conditions
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When breached:
Innocent parties/ injured person has the option to:
- to discharge/ terminate contract
- claim/sue for damage
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