Unit 5: Common Law I
Essential elements of a valid contract
Understand the essential elements of a valid and legally binding contract and its role in a business context
Essential elements: types of contractual agreements and their application in business; the making of a valid offer and its unconditional acceptance; the essential existence of a clear and unambiguous intention supported by sufficient consideration; the parties to the agreement possessing the necessary capacity and being privy to the agreement
Suggested Reading
An Introduction to the Law of Contract (Clarendon Law)
Cheshire, Fifoot and Furmston's Law of Contract
Treitel on the Law of Contract
Cases and Commentary on Contract Law
