A-Level Economics - Contracts

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Facts about contracts that are in A-level Economics.
Chuck Amobi
Mind Map by Chuck Amobi, updated more than 1 year ago
Chuck Amobi
Created by Chuck Amobi almost 10 years ago
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Resource summary

A-Level Economics - Contracts
  1. Formation of a Contract
    1. 1. Offer
      1. 2. Acceptance
        1. 3. Consideration
          1. 4. Legal Capacity
            1. 5. Consent
              1. 6. Legality of Form
                1. 7. Legality of Purpose
      2. Defences Against Formation
        1. 1. Lack of Capacity
          1. 2. Duress
            1. 3. Undue Influence
              1. 4. Illusory Promise
                1. 5. Statute of Frauds
                  1. 6. Non est factum
      3. Contract Interpretation
        1. 1. Parol Evidence Rule
          1. 2.Contract of Adhesion
            1. 3. Integration Clause
              1. 4. Contra Proferentem
                1. 5. Title transfer Theory of Contract
        2. Rights of Third Parties
          1. 1. Privity of Contract
            1. 2. Assignment
              1. 3. Delegation
                1. 4. Novation
                  1. 5. Third Party Benificiary
          2. Breach of Contract
            1. 1. Anticipatory Repudation
              1. 2. Cover
                1. 3. Exclusion Clause
                  1. 4. Efficient Breach
                    1. 5. Deviation
                      1. 6. Fundamental Breach
              2. Remedies for Breach of Contract
                1. 1. Specific Performance
                  1. 2. Liquidated Damages
                    1. 3. Penal Damages
                      1. 4. Rescission
                2. Excuses for Non-performance
                  1. 1. Mistake
                    1. 2. Misrepresentation
                      1. 3. Frustration of Purpose
                        1. 4. Impossibility
                          1. 5. Impracticality
                            1. 6. Illegality
                              1. 7. Unclean Hands
                                1. 8. Unconscionability
                                  1. 9. Accord and Satisfaction

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