TAILIEUCHUNG - Lecture Fundamentals of business law (4th): Chapter 7 - Margaret L. Barron, Richard J.A. Fletcher

Chapter 7 - Contract law (Part 1). At the end of this chapter you should be able to: describe how contracts can be classified, distinguish formal contracts from simple contracts, identify the six essential elements required to make a valid contract, explain how the law determines whether parties to a contract intend to create a legal relationship, define the term ‘offer’ and distinguish it from an ‘invitation to treat’,. | This is the prescribed textbook for your course. Available NOW at your campus bookstore! 7- Copyright © 2000 McGraw-Hill Australia Contract Law Part 1 Chapter 7 Valid contract An agreement made between two or more parties, giving rise to legal rights and obligations which the law will enforce. 7- Copyright © 2000 McGraw-Hill Australia Valid contract Intention to create Legality legal relations of object Terms:- Express/implied Offer Form Acceptance Conditions Warranties Consideration Exclusionary clauses Reality of Capacity of consent parties 7- Copyright © 2000 McGraw-Hill Australia Classifications Classifications Validity Performance Format Formation 7- Copyright © 2000 McGraw-Hill Australia Validity 7- Copyright © 2000 McGraw-Hill Australia Performance PERFORMANCE EXECUTED EXECUTORY One party to contract Both parties have has completed their part obligations to of the contract perform 7- Copyright © 2000 McGraw-Hill Australia Formation FORMATION EXPRESS IMPLIED QUASI Dependant on By operation of associated conduct law w WRITTEN SPOKEN 7- Copyright © 2000 McGraw-Hill Australia Intention to create a legal relationship Social/domestic agreement Business agreement Assumption No intention to create legal relationship (Balfour v Balfour) Intention to create legal relationship Prove Intention to create legal relationship (Todd v Nicol) (Wakeling v Ripley) No intention to create legal relationship Financial disadvantage leaving job Expenses incurred in moving Selling belongings Presumption rebutted in contract 7- Copyright © 2000 McGraw-Hill Australia Format SIMPLE FORMAL Verbal, written, implied Written wConsideration must pass wDoes not require in both directions. consideration passing in both directions wStatute of limitations – 3 yrs wStatute of limitations - 12 yrs Contract of Record Contracts under Seal (Deeds) 7- Copyright © 2000 McGraw-Hill Australia Essential elements of a contract Intention to create a legal .

• Kinh tế học
• Business law
• Fundamentals of business law
• Contract law
• Consumer law
• Marketing law
• Legal relationship
• Dynamic business law
• Lecture Dynamic business law
• Legal environment of business
• Criminal law
• Business crime
• Classification of law
• Law of torts
• Luật Kinh doanh
• Lecture Fundamentals of Business Law
• The law of torts
• Law of marketing
• Administrative law
• Administrative agency
• Constitutional law
• Constitutional principles
• Tort law
• Classification of torts
• Business organizations
• Antitrust law
• Antitrust law rationale
• Business organisations
• Joint venture law
• Advertising Law
• E commerce law
• Property law
• Insurance law
• Consumer credit law
• Competition law
• Intellectual property law
• Bankruptcy law
• Employment law
• Workplace relations law
• Work health law