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Unit 1 Topic 2- Contract Law - Coggle Diagram
Unit 1 Topic 2- Contract Law
Contracts
Enforceable By Law (Legally Binding)
Elements Of A Contract
Contract contains 8 Elements.
Agreement = Contract if it contains ALL of the elements of a contract
Elements
1-Offer
2-Acceptance
3-Consideration
4-Intention to Contract
5-Capacity to Contract
6-Consent to Contract
7-Legality of Form
1 more item...
Conditional Acceptance
Revocation of Offer
Rejection
Lapse of Time
Termination of A Contract
1.Preformance
2.Agreement
3.Frustration
4.Breach Of Contract
Force Majeure Clause
Remedies for Breach of Contracts
1.Damages
Specific Preformance
3.Rescinding Contract