Rules of Contract (AQA A-Level Law): Flashcards
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Practise the cards
10 cards from this deck
Two fundamental principles of contract law
Two fundamental principles of contract law
Voluntariness and freedom to contract
19th C economic theory influencing contract law
19th C economic theory influencing contract law
Laissez-faire economics
Three constituent parts of valid contract
Three constituent parts of valid contract
Agreement, consideration, intention to create legal relations
Offer
Offer
Statement by offeror setting out specific binding terms
Acceptance
Acceptance
Offeree agrees to all offer terms unconditionally
Consideration
Consideration
Something of value exchanged by each party
Intention to create legal relations
Intention to create legal relations
Clear intent to be legally bound by the agreement
Invitation to treat
Invitation to treat
Invitation for others to make offers, not an offer itself
Postal rule case
Postal rule case
Adams v Lindsell (1818)
Electronic acceptance timing
Electronic acceptance timing
Upon receipt, not upon sending