Diploma in The Common Law
Laws modules
Elements
of the law of contract [2650040]
(a) The
formation of contracts. Offer and acceptance. Consideration.
Certainty of agreement. Intention to create legal relations.
[Note: Questions will not be set on
requirements as to the form of contracts].
(b) The content of the contract. Conditions, warranties and
intermediate terms. Exemption clauses. Implied terms at common law.
Collateral contracts. Statutory implied terms with regard to the quality
of goods sold and goods or services supplied.
(c) Vitiating factors. Mistake. Misrepresentation. Duress and
undue influence
(d) Illegality and public policy (excluding gaming and wagering).
Contracts illegal at common law. Consequences of illegality. Contracts
in restraint of trade.
(e) Capacity to contract, with particular reference to the capacity
of minors.
(f) Privity of contract (excluding agency and assignment).
(g) Performance and breach. Substantial performance.
Repudiation and anticipatory breach. Discharge by breach. Discharge
under the doctrine of frustration.
(h) Remedies for breach of contract. General principles
governing the assessment of damages. Remoteness of damage. Damages for
non-financial loss. Mitigation. Restitutionary remedies. Liquidated
damages and penalties. Specific performance.
[Note: The
subject will also take account of relevant European Union legislation
and how this is applied in the UK].