Introduction to Contract Law Flashcards

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1
Q

What is a contract?

A

Tritel on the law of contract says that it is an agreement that gives rise to legal obligations that are enforced and recognized by law.

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2
Q

In what 3 ways can a contract be made?

A
  1. Orally
  2. In writing
  3. By Conduct
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3
Q

What are the 4 main ingredients of a valid contract?

A
  1. Offer & Acceptance
  2. Certainty
  3. Intention 2 create legal relations
  4. Consideration
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