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Transcript

Capacity to contract.

Even if the previously mentioned elements are present, a contract will not be valid unless the parties to the contract have the capacity to contract.

Who can an agreement be made to?

What is an agreement?

An offer can be in writing, oral or made by action and can be made to: an individual, a specific group or the world at large.

Who doesn't have the capacity to contract?

An agreement is made when one party (the offeror) makes an offer to the other party (the offeree) and the offeree accepts the offer.

3rd element.

Example?

What is a gratuitous promise?

7th element

The last requirement in a contract is the legality of the contract.

If the subject matter of a contract is illegal, it will not be enforced by the courts because the contract may include committing a crime which is clearly illegal

Conclusion

Contract Law

What is consent?

When is a mistake?

One contemporary issue

What is misinterpretation?

A contract can be defined as an agreement between two or more parties that create rights and obligations that are enforceable by law.

What is duress?

What is undue influence?

First element

Contract law is concerned with the enforcement of agreements.

The first element that must be present for a contract to be legally enforceable is intention.

What is intention?

Contract law

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