Principles of Law Flashcards
What is law?
The enforceable body of rules that govern any society
What are the two main areas of law?
Criminal
Civil
What is criminal law?
Law concerned with the control of behaviour which harms or threatens the peace or stability of a community
What is civil law?
Law which governs the relationships between individuals. Includes the law of contracts and the law of torts
What is a tort?
A civil wrong or nuisance
What are the two main sources of law?
Legislation (laid out by government) Judicial precedents (created by judges ruling on cases)
What are the 3 rules judges use when interpreting law?
- The literal rule - applying the letter of the law word for word
- The golden rule - applying the “sprit” of the law
- The mischief rule - Essentially to close loopholes in the law to prevent the mischief the act was intended to
What is binding precedent/binding authorities?
When judges make decisions they create a precedent which lower courts are bound to follow
What are the 3 “tracks” a case will join depending on it’s complexity and value?
- Small claims track - injury up to £1,000 / property up to £10,000
- Fast track - between £10,000 - £25,000
- Multi track - over £25,000 or complex cases under this amount
What are the 5 key elements that must exist for a contract to be legally binding?
- Offer and acceptance
- Intention to create legal relations
- Legal capacity
- No illegal purposes
- Consideration
Which case creates the legal precedent surrounding offer/acceptance and counter offers?
Hyde v Wrench 1840
What is Hyde v Wrench 1840?
Wrench offered to sell Hyde some land for £1,000. Hyde declined and offered £950 which Wrench refused. Hyde later agreed to pay the £1,000 but by this time Wrench refused to sell, so Hyde sued.
It was held that was no contract. When Hyde offered £950 that constituted a rejection of the offer and was a counter-offer. So when Hyde later offered £1,000 this was another offer as he had already rejected the original offer from Wrench, and Wrench was free to refuse this offer
What is privity of contract?
The only people bound by the contract are those who signed it, or on whose behalf it was signed.
A contract cannot confer rights or obligations on third parties
What are the two types of contract terms?
Express and implied
In what four ways can contract terms be implied?
- Implied by statute
- Implied by the parties
- Implied by the courts
- Implied by custom