Understand the essential elements of a valid contract in a business context

The following topic forms part of the Mandatory Unit Aspects of Contract and Negligence in Business.

Essential elements: offer and acceptance; intention to create legal relations; consideration; capacity; privity of contract (note vitiating factors are included in Unit 27: Further Aspects of Contract and Tort)

Types of contract: face to face; written; distance selling; impact

Types of terms: condition; warranty; innominate term; express; implied; exclusion clauses and their validity


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