Contract Law Mind Map

Contract-Law-Mind-Map
7 Requisites for Contracts
- Intention
- Implied Intention
- Non-Commercial
- Domestic
- Voluntary
- Commerical
- Agreement
- Offer
- What can you do with an Offer?
- Notice of the Offer
- Acceptance
- Rules of Acceptance
- Postal Rule
- Consideration
- Rules for Consideration
- 1. Consideration is essential
- 2. Must not be past
- 3. Must have value
- 4. Must be sufficient
- 5. Possible
- 6. Definite
- 7. Legal
- 8. Referable to the other party's promise
- 9. Practical Benefit can be good
consideration.
- Insufficient Consideration
- Moral Obligations
- Part Payment
- Promissory Estoppel
- Legal Capacity
- Genuine Consent
- Legality of Purposes
- Procedural Requirement Satisfaction.
- Proper Form
- Privity of Contract
- Agency
Form
- Simple Contracts
- Oral
- Written
- Simple Contracts
- Bilateral
- Unilateral
- Collateral
Statements That are Not Offers
- Invitation To Treat
- Request for Information
- Counter-Offer
- Tenders
Contents of a Contract
- Representation
- Representation Test
- Terms
- Express
- Implied
- Statutory Implied
- Condition
- Warranty
- Meaningless
- Ambiguous
- Changing Terms
- Parol Evidence
- Reluctant
- Exclusion Clause
- Ambiguity Rule
- Negligence Rule
- “Four Corners” Rule
- Notice Given before
- Main Contract states
Vitiating Elements
- Void Vs Voidable
- Mistake
- Misrepresentation
- Illegality
- Inequality between the parties
Damages
- Causation
- Remoteness
- Cases
- Mitigation
- Types
- Equitable Remedies
- Restitution
- Recission
- Ratification
- Injunction
- Special Performance
Termination
- Performance
- Agreement
- Operation of Law
- Lapse of Time
- Frustration
- Statute of Limitation
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