Wk 1 - Intro and Formation of Contracts Flashcards
What is Private Law
Uphold rights and enforce duties. Courts can provide remedies when required or obligations are not held.
When may Private Law be invoked
Resolution of disputes between persons
How can rights be upheld?
Firstly, in the process of negotiation
Ultimately, in the civil courts
What are the 4 categories of Private Law?
Persons, Things, Obligations and Actions
Law of Persons
Rights and duties arising from status
Law of Property
Rights in ‘things’ eg. ownership
Law of Obligations
Rights against other persons (personal rights)
Law of Actions
Rules of evidence and procedure
Obligations can be…
Voluntary or
Involuntary
Voluntary obligations
Arise from contract or from promise
Involuntary obligations
Imposed by law (unjustified enrichment and delict)
4 Nature’s of Obligations
Contract
Promise
Unjustified enrichment
Delict
Types of obligations
Unilateral
Bilateral
Unilateral obligations
One party in debt to another who can legally enforce it
What is an obligation?
Relationship of corresponding rights and duties between two persons
Bilateral obligation
B has duty to perform and right to payment
A has right to compel performance and duty to pay
Why do we need law of contracts?
Facilities trade
Underpins transactions
Protect against abuse of power where parties aren’t of equal bargaining strength
Difference between Scots and English Law
Scots - doctrine of promise
English - doctrine of consideration
5 Principle remedies in a contract
Declarator
Payment
Specific implement
Interdict
Damages
Role of Courts?
To uphold rights and enforce duties
Party raising action
Pursuer
Party action is being raised against
Defender
What is needed for conclusion of a contract?
Agreement - consensus ad idem
Usually on
Nature of contract
Subject of contract
Price or consideration
What case related to contract or sale or contract of hire purchase?
Muirhead and Turnbull v Dickson
Muirhead and Turnbull v Dickson key word
Piano
What did court hold in Muirhead and Turnbull v Dickson?
Contract was on of sale, not hire purchase
How is consensus viewed?
Objectively
Case regarding consensus
Mathieson Gee (Ayrshire) LTD v Quigley
Mathieson Gee (Ayrshire) LTD v Quigley key word
Pond
What did court hold in Mathieson Gee (Ayrshire) v Quigley?
No contract had been concluded
No consensus =
No contract
An offer accepted is
A contract
Party making the offer
offeror
Party to whom the offer is made
offeree