Theory of Contract Law (AQA A-Level Law): Flashcards
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Practise the cards
10 cards from this deck
Three essential elements of a valid contract
Three essential elements of a valid contract
Agreement, Consideration, Intention to create legal relations
Definition of an offer
Definition of an offer
Clear statement by offeror setting out terms to be bound by
Definition of acceptance
Definition of acceptance
Offeree agrees to the terms set out in the offer
Case that established the postal rule (year)
Case that established the postal rule (year)
Adams v Lindsell (1818)
When is acceptance complete under postal rule?
When is acceptance complete under postal rule?
When letter is posted, even if lost
What is an invitation to treat?
What is an invitation to treat?
Preliminary communication inviting offers, not an offer itself
Three examples of invitation to treat
Three examples of invitation to treat
Shop shelves, advertisements, catalogues/price lists
Definition of consideration
Definition of consideration
Something of value exchanged between contracting parties
Meaning of 'quid pro quo'
Meaning of 'quid pro quo'
Something for something
What is privity of contract?
What is privity of contract?
Only parties who provided consideration can enforce contract