Capacity to Make a Contact (Contract Formation) Flashcards
1
Q
What are the 6 formalities of contracts?
A
§ An Offer is made by the offeror to the offeree
§ There is Acceptance of the offer by the offeree
§ Consideration is provided by both parties
§ Both parties have an Intention to create legal relations
§ Both parties have the Capacity to contract
§ The Purpose of the contract is legal and moral
2
Q
Capacity to ake a contact exmaple
A
- E.g. ATLAS EXPRESS LTD v KAFKO LTD 1989
