C4 - Contract Law

Question 1

Elements of a contract

Answer 1

Offer & acceptance - willingness to be bound, verbal, written - Carrol v Carbolic smoke

Consideration - some right, interest, profit or benefit to one party

Intention - intent to create legal relations

Question 2

Anyone can accept contract, except

Answer 2

D - drunk
I - insane
M - minor
B - bankrupt

Question 3

Remedies for breach of contract

Damages

Answer 3

Put innocent party In position they were at if contract hadn’t been breached

Question 4

Remedies for breach of contract

Specific performance

Answer 4

Order parties to fulfil obligations

Unique asset

Question 5

Remedies for breach of contract

Injunction

Answer 5

Stop someone doing something

Question 6

Remedies for breach of contract

Mereva injunction

Answer 6

Freeze asset

Defendant can’t dispose of asset

Question 7

Remedies for breach of contract

Recission

Answer 7

Parties put to position they were at before contract

Question 8

Consideration

Answer 8

Must be provided by both parties before legally binding

Need not be adequate, must be sufficient

Chappell and co V nestle co ltd