CONTRACT BASIC CONCEPTS

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Undergraduate Contract Law Mind Map on CONTRACT BASIC CONCEPTS, created by louiseebarlow on 28/03/2014.
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Mind Map by louiseebarlow, updated more than 1 year ago
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Created by louiseebarlow over 10 years ago
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CONTRACT BASIC CONCEPTS
  1. Definitions
    1. A contract is an agreement giving rise to obligations which can be enforced or recognised by law
      1. A unilateral contract - "if you do something, I promise to do something in return"
        1. A bilateral contract - one in which both parties have obligations
        2. Legal Requirements for Formation of a Valid Contract
          1. Agreement (offer and acceptance)
            1. Intention to create legal relations
              1. Consideration
                1. Sometimes consideration is not necessary (waiver: Hickman v Haynes) or agreement by deed
              2. Factual Indicators of Existence of an Agreement
                1. Offer
                  1. Acceptance
                  2. Who can enforce a Contract?
                    1. Doctrine of privity: only the parties to a contract (Tweddle v Atkinson / Dunlop v Selfridge)
                      1. Exceptions in Contracts (Rights of Third Parties) Act 1999
                        1. s1(1)(a) - if the contract says he can
                          1. s1(1)(b) - if the term in question purports to confer a benefit on him
                            1. s1(2) - TP cannot enforce if appears the parties did not intend the TP to enforce
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