A-Level Economics - Contracts

A-Level Economics - Contracts

1. Formation of a Contract

   • 1. Offer
     • 2. Acceptance
       • 3. Consideration
         • 4. Legal Capacity
           • 5. Consent
             • 6. Legality of Form
               • 7. Legality of Purpose
   • Defences Against Formation
     • 1. Lack of Capacity
       • 2. Duress
         • 3. Undue Influence
           • 4. Illusory Promise
             • 5. Statute of Frauds
               • 6. Non est factum

2. Contract Interpretation

   • 1. Parol Evidence Rule
     • 2.Contract of Adhesion
       • 3. Integration Clause
         • 4. Contra Proferentem
           • 5. Title transfer Theory of Contract

3. Rights of Third Parties

   • 1. Privity of Contract
     • 2. Assignment
       • 3. Delegation
         • 4. Novation
           • 5. Third Party Benificiary

4. Breach of Contract

   • 1. Anticipatory Repudation
     • 2. Cover
       • 3. Exclusion Clause
         • 4. Efficient Breach
           • 5. Deviation
             • 6. Fundamental Breach
   • Remedies for Breach of Contract
     • 1. Specific Performance
       • 2. Liquidated Damages
         • 3. Penal Damages
           • 4. Rescission
   • Excuses for Non-performance
     • 1. Mistake
       • 2. Misrepresentation
         • 3. Frustration of Purpose
           • 4. Impossibility
             • 5. Impracticality
               • 6. Illegality
                 • 7. Unclean Hands
                   • 8. Unconscionability
                     • 9. Accord and Satisfaction

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