5 Questions
What is the factor which distinguishes contractual from other legal obligations?
The enforcement of obligations
According to Treitel, what is a contract?
An agreement giving rise to legal obligations
What is the typical example of a contract according to the text?
Bilateral contract
How is agreement assessed in contract law?
Objectively
What does the law of contract primarily concern itself with?
Enforcement of promises
Study Notes
Contractual Obligations
- The intention to create legal relations is the key factor that distinguishes contractual obligations from other legal obligations.
Definition of a Contract
- According to Treitel, a contract is an agreement that the law will enforce.
Typical Example of a Contract
- A typical example of a contract is an agreement between a buyer and a seller, where the buyer agrees to pay a certain price in exchange for the seller's goods or services.
Assessment of Agreement
- In contract law, agreement is assessed by looking at the objective intention of the parties, rather than their subjective intentions.
Primary Concern of Contract Law
- The law of contract primarily concerns itself with the enforcement of promises, and the allocation of risks and responsibilities between the parties to a contract.
Test your knowledge of the basic principles of contract law with this quiz. Explore key concepts such as the nature of contracts, formation, and enforcement of obligations. Challenge yourself with questions based on the lecture notes from the University of Sheffield.
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