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Notes on 58 of 84 objectives.

Business Law

15 mins read · 23 questions

Explain unilateral offers (Carlill v Carbolic Smoke Ball Co) and how an offer ends: revocation, rejection, counter-offer (Hyde v Wrench), lapse of time and death.

15 mins read · 15 questions

Explain the rules of acceptance: the mirror-image rule, communication of acceptance, silence (Felthouse v Bindley), the postal rule (Adams v Lindsell) and instantaneous communication (Entores v Miles Far East).

13 mins read · 9 questions

Apply the rules of offer and acceptance to contracts made electronically, with reference to the Electronic Transactions Act, 2008 (Act 772).

14 mins read · 21 questions

Define consideration (Currie v Misa) and explain its rules: it must move from the promisee, need not be adequate but must be sufficient, and past consideration is not good consideration.

14 mins read · 18 questions

Explain the rules on performance of an existing duty (Stilk v Myrick; Williams v Roffey Bros), part payment of a debt (Pinnel’s Case; Foakes v Beer) and promissory estoppel (Central London Property Trust v High Trees House).

14 mins read · 9 questions

Explain the doctrine of privity of contract (Tweddle v Atkinson; Dunlop v Selfridge) and its exceptions.

14 mins read · 14 questions

Explain how the Contracts Act, 1960 (Act 25) modifies the common-law rules on consideration and on privity.

14 mins read · 14 questions

Explain the contractual capacity of minors (contracts for necessaries; voidable and void contracts), persons of unsound mind, intoxicated persons and corporations.

14 mins read · 13 questions

Explain the presumptions about intention to create legal relations in domestic and social agreements (Balfour v Balfour) and in commercial agreements, and how each is rebutted.

15 mins read · 10 questions

Explain illegal contracts and contracts void as contrary to public policy, and their consequences for the parties.

14 mins read · 14 questions

Distinguish simple contracts from specialty contracts (deeds), and state the formalities for each.

14 mins read · 7 questions

Distinguish oral from written contracts, and identify contracts that must be made in writing or evidenced in writing.

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