Summary Contract Law

CONTRACT LAW
2020-2021




THE HAGUE UNIVERSITY OF APPLIED SCINCES
ZINA AL JOUBORI

, International Bachelor of Law 2020-2021
ProgramSummary
Course 151515 Contract Law Y1 – Q2
By Zina Al Joubori


TABLE OF CONTENTS

Introduction ................................................................................................................................................. 2
Offer ............................................................................................................................................................ 3
formation of an agreement ....................................................................................................................................3
Creation of an Offer ..............................................................................................................................................4
Terminating an Offer ............................................................................................................................................5
Revocation: Can an offer be revoked? ................................................................................................................................. 5
Rejection or Lapsation: Can an offer be rejected or lapse? ................................................................................................... 5
Acceptance ................................................................................................................................................... 6
Mirror Image Rule ................................................................................................................................................6
Receipt or Dispatch Rule? ................................................................................................................................................... 7
Intention ...................................................................................................................................................... 7
Intention to be legally binding ............................................................................................................................................. 8
Consideration............................................................................................................................................... 9
Capacity ..................................................................................................................................................... 10
Minors / Legally Incapacitated Adults ............................................................................................................................... 10
Formalities................................................................................................................................................. 10
Interpretation of Contracts ................................................................................................................................................ 13
Interpretation of Terms ..................................................................................................................................................... 13
General Rules of Intepretation........................................................................................................................................... 13
Parole evidence ................................................................................................................................................................ 14

Filling gaps ................................................................................................................................................ 15
Implied terms ................................................................................................................................................................... 15
The Principle of Good Faith ...................................................................................................................... 16
Vitiating Elements ..................................................................................................................................... 16
Termination/discharge ............................................................................................................................... 20




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, International Bachelor of Law 2020-2021
ProgramSummary
Course 151515 Contract Law Y1 – Q2
By Zina Al Joubori


INT RODUCT ION

 What is a contract?
 A contract is a legally binding agreement that will be enforced by the law.
 A contract gives rise to obligations between the parties to the contract.
 The failure to perform these obligations gives gthe right to a remedy.

 Types of Contract – Classification:

Types of parties Reason of performance Types of performance
• B2B – Business to Business • A promise in exchange Employment Contracts
• B2C – Business to for a promise: Agency
Consumer o Bilateral contract Banking
• C2C – Consumer to o e.g., the sale of a Carriage by Air
Consumer Bike Carriage by Sea
Competition Law
• A promise in exchange Construction Contracts
for an act: Credit & Security, Employment
o Unilateral contract Intellectual Property
o e.g., the promise of a IT & E-Commerce
reward for Insurance
information about a International Sale of Goods
crime Sale of Securities
Sale of Land
Landlord and Tenants, Marriage
etc.


 Source of contract law:
Party Agreement:
 Standard form contracts
 General terms
Formal sources of law:
 National law (e.g. civil/common law)
 Default rules, facilitative rules, mandatory rules
 Regional Law (e.g. EU law)
 International Law (e.g. CISG)
Informal sources of law:
 Non-state organisations
 Academics
 Non-binding soft law
 e.g. Principles, Restatements, DFCR


 Fundamental Principles of Contract Law:
 Freedom of Contract:
 The autonomy of parties to make the choices they desire in contracting
 On Whatever terms (Freedom with regard to content)
 Whenever desired (Freedom to contract or not to contract)
 With Whomever (Freedom to choose the other party)
 BUT there are limits!
 Binding Force:
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