Pvl3702 notes Study guides, Study notes & Summaries

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

PVL3702 CONTRACT LAW STUDY SUMMARY NOTES. This is a complete and an all-inclusive guide to PVL3702 - Law Of Contract. Contract as an agreement intended to create enforceable obligations → A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreeme...

Comprehensive notes for the Law of of contracts (PVL3702)

PVL3702 Law of Contract summary of cases

PVL3702-summary of notes Law of Contract (University of South Africa) lOMoARcPSD| Page 1 of 88 LAW OF CONTRACT STUDY UNIT 1 1. Distinguish between a contract and unjustified enrichment. (5) A contract is an agreement entered into with the intention of creating an obligation or obligations. A contract is therefore a fact, an event. From a contract, arises an obligation or obligations. Undue enrichment is a principle of our law that no-one should unjustifiedly be enriched at the expense o...

PVL3702 - Law Of Contract. LAW OF CONTRACT NOTES. The law of contract forms part of the law of obligations. Obligations – is a juristic bond i.t.o. which the party or parties on the one side have a right to a performance and the party or parties on the other side have a duty to render that performance. In other words, it is a legal relationship between 2 or more legal subjects. Sources of obligations are derived from the following: (1) contract (2) delict (3) from other causes: - Undu...

PVL3702 CONTRACT LAW STUDY SUMMARY NOTES. A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). → The absence of an animus contrahendi explains why ...

Contract as an agreement intended to create enforceable obligations → A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). → The absence of an anim...