Contract Law

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Contract Law

Unconscionability

Unfairly take advantage from the weakness or disadvantage

Illigality

unenforceable

Crime/Tort

may invalid contract

may penalise parties

Capacity

Minor

eneficial contracts of service

Contract of necessities

Lack of intellectual capacity

Consideration

must be sufficient

Not prior legal obligation. Ex: a part of job

NOT past consideration Ex: promises happened before contract made

St legal value exchanged

EX: payment, provision, serious obligation...

Intention

2 presumptions

Business context

Social/Domestic context

Unless serious financial consequences

Could be rebutted

Not intended

intend the agreement is legally enforceable

Agreement

OFFER

Invitation to treat

Price tab

Advertisement

Auction

revoked by offeror

unless by deposit

rejected by offeree

accepted by offeree

Offer + Acceptance