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A-Level Economics - Contracts

Description

Facts about contracts that are in A-level Economics.

Mind Map by Chuck Amobi, updated more than 1 year ago

	Created by Chuck Amobi over 11 years ago

169

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Resource summary

A-Level Economics - Contracts

Formation of a Contract
1. 1. Offer
  1. 2. Acceptance
    1. 3. Consideration
      1. 4. Legal Capacity
        5. Consent
        6. Legality of Form
        7. Legality of Purpose
2. Defences Against Formation
  1. 1. Lack of Capacity
    1. 2. Duress
      1. 3. Undue Influence
        4. Illusory Promise
        5. Statute of Frauds
        6. Non est factum
Contract Interpretation
1. 1. Parol Evidence Rule
  1. 2.Contract of Adhesion
    1. 3. Integration Clause
      1. 4. Contra Proferentem
        5. Title transfer Theory of Contract
Rights of Third Parties
1. 1. Privity of Contract
  1. 2. Assignment
    1. 3. Delegation
      1. 4. Novation
        5. Third Party Benificiary
Breach of Contract
1. 1. Anticipatory Repudation
  1. 2. Cover
    1. 3. Exclusion Clause
      1. 4. Efficient Breach
        5. Deviation
        6. Fundamental Breach
2. Remedies for Breach of Contract
  1. 1. Specific Performance
    1. 2. Liquidated Damages
      1. 3. Penal Damages
        4. Rescission
3. Excuses for Non-performance
  1. 1. Mistake
    1. 2. Misrepresentation
      1. 3. Frustration of Purpose
        4. Impossibility
        5. Impracticality
        6. Illegality
        7. Unclean Hands
        8. Unconscionability
        9. Accord and Satisfaction

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