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Summary Contract Law
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CONTRACT LAW2020-2021
THE HAGUE UNIVERSITY OF APPLIED SCINCES
ZINA AL JOUBORI
, International Bachelor of Law 2020-2021
ProgramSummary
Course 151515 Contract Law Y1 – Q2
By Zina Al Joubori
TABLE OF CONTENTS
Introduction ................................................................................................................................................. 2
Offer ............................................................................................................................................................ 3
formation of an agreement ....................................................................................................................................3
Creation of an Offer ..............................................................................................................................................4
Terminating an Offer ............................................................................................................................................5
Revocation: Can an offer be revoked? ................................................................................................................................. 5
Rejection or Lapsation: Can an offer be rejected or lapse? ................................................................................................... 5
Acceptance ................................................................................................................................................... 6
Mirror Image Rule ................................................................................................................................................6
Receipt or Dispatch Rule? ................................................................................................................................................... 7
Intention ...................................................................................................................................................... 7
Intention to be legally binding ............................................................................................................................................. 8
Consideration............................................................................................................................................... 9
Capacity ..................................................................................................................................................... 10
Minors / Legally Incapacitated Adults ............................................................................................................................... 10
Formalities................................................................................................................................................. 10
Interpretation of Contracts ................................................................................................................................................ 13
Interpretation of Terms ..................................................................................................................................................... 13
General Rules of Intepretation........................................................................................................................................... 13
Parole evidence ................................................................................................................................................................ 14
Filling gaps ................................................................................................................................................ 15
Implied terms ................................................................................................................................................................... 15
The Principle of Good Faith ...................................................................................................................... 16
Vitiating Elements ..................................................................................................................................... 16
Termination/discharge ............................................................................................................................... 20
1
, International Bachelor of Law 2020-2021
ProgramSummary
Course 151515 Contract Law Y1 – Q2
By Zina Al Joubori
INT RODUCT ION
What is a contract?
A contract is a legally binding agreement that will be enforced by the law.
A contract gives rise to obligations between the parties to the contract.
The failure to perform these obligations gives gthe right to a remedy.
Types of Contract – Classification:
Types of parties Reason of performance Types of performance
• B2B – Business to Business • A promise in exchange Employment Contracts
• B2C – Business to for a promise: Agency
Consumer o Bilateral contract Banking
• C2C – Consumer to o e.g., the sale of a Carriage by Air
Consumer Bike Carriage by Sea
Competition Law
• A promise in exchange Construction Contracts
for an act: Credit & Security, Employment
o Unilateral contract Intellectual Property
o e.g., the promise of a IT & E-Commerce
reward for Insurance
information about a International Sale of Goods
crime Sale of Securities
Sale of Land
Landlord and Tenants, Marriage
etc.
Source of contract law:
Party Agreement:
Standard form contracts
General terms
Formal sources of law:
National law (e.g. civil/common law)
Default rules, facilitative rules, mandatory rules
Regional Law (e.g. EU law)
International Law (e.g. CISG)
Informal sources of law:
Non-state organisations
Academics
Non-binding soft law
e.g. Principles, Restatements, DFCR
Fundamental Principles of Contract Law:
Freedom of Contract:
The autonomy of parties to make the choices they desire in contracting
On Whatever terms (Freedom with regard to content)
Whenever desired (Freedom to contract or not to contract)
With Whomever (Freedom to choose the other party)
BUT there are limits!
Binding Force:
2
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