100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Lecture notes Contract Law Lecture 1 £7.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Kings College London (KCL)
  4.  
  5. Contract Law

Lecture notes

Lecture notes Contract Law Lecture 1
 8 views  0 purchase

This document explains the first few concepts of Contract Law - Offer to buy, Offer to sell, acceptance, elements of a contract, and cases like Harvey v Facey

Preview 1 out of 2  pages

Document information

  • October 29, 2022
  • 2
  • 2022/2023
  • Lecture notes
  • John philips
  • 1

Subjects

Written for

All documents for this subject (17)

Seller

avatar-seller
ujjwalasingh

Content preview

Lecture 1
Elements of a contract
Elements of a Contract:
1. Intention
2. Consideration
3. Written (sometimes)
4. Formation
5. Agreement
6. Mistake – one party messes up terms of contract, other party has knowledge
of this  contract invalid


Agreement:
Minds of the parties come together – each agrees to either do/not do something
(consensus between parties)


2 Main parts of a contract:
1. Offer
2. Acceptance


Note: Contract does not need to be in writing to be valid in the UK (verbal/oral
agreements are valid)


Examples of objective evidence needed to determine the existence of a contract:
- Language and conduct showing immediate readiness to be bound (obligation)
– test for offer
- Language and conduct showing immediate readiness to be bound – test for
acceptance [“let u know” = invalid]
- Lang and conduct inconsistent -> up to the judges to determine if there is a
contract or not (form a judgement) [usually say no immediate readiness as a
default]


Example case 1: Harvey v Facey
Principle from the case: Asking the price of an item is not offer to buy
Harvey asked Face if he would sell a particular item, and what the lowest list price
was. To this question, Facey replied that the lowest price was 900. Harvey then

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ujjwalasingh. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £7.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£7.49
  • (0)
  Add to cart