Rules of the Law of Contract (OCR A-Level Law): Flashcards
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Practise the cards
10 cards from this deck
Strict liability in contract law
Strict liability in contract law
Breach = liability regardless of fault/intention
3 essential elements of valid contract
3 essential elements of valid contract
Agreement, intention to create legal relations, consideration
Acceptance (contract law)
Acceptance (contract law)
Unconditional agreement to all terms of an offer
Breach of condition allows
Breach of condition allows
Termination of contract + damages
Breach of warranty allows
Breach of warranty allows
Damages only (cannot terminate contract)
Void contract
Void contract
Never valid; treated as if it never existed
Voidable contract
Voidable contract
Valid until affected party chooses to avoid it
Discharge by performance
Discharge by performance
Both parties complete all obligations (most common)
Damages (contract remedy)
Damages (contract remedy)
Money payment to compensate loss; awarded as of right
Equitable remedies
Equitable remedies
Awarded at court's discretion (not as of right)