Importance of Contract Law:
Agreement judged objectively – Bowerman v ABTA (1996)
Illustration – Jones v Associated Tunnelling (1981)
Definition of contract – Treitel (1995)
o Social agreements aren’t contracts
Contract law and commerce
o Implied terms – Rowland v Divall (1921)
o Property/ownership
S12 Sale of Goods Act – contract of sale, implied term on
seller – part of seller, case of sale right to sell goods.
Formalities
o Contract – agreement, not document. Exceptions:
DEED
Must be in writing/evidence in writing
Consumer Credit Act 1974
S2(1) Law of Property Act (Miscellaneous
Provisions) Act 1989
Contracts of guarantee
Facts of Agreement:
Formation of contract
o Offer made
Offer
Acceptance
o Contract concluded
Request for information
o Bargain still open