Wikibooks

Acing the SQE/Contract Law

< Acing the SQE

Core principles of contract law

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Formation

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offer and acceptance

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consideration

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certainty

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capacity

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Parties

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privity of contract

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rights of third parties

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Contract terms

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express terms

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incorporation of terms

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terms implied by common law and statute

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exemption clauses

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Section 3 of the Unfair Contract Terms Act (UCTA) will apply and the exemption clause will be valid if reasonable (reasonableness test).

the interpretation of contract terms (conditions, warranties and innominate terms)

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variation

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Vitiating factors

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misrepresentation

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mistake

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unfair contract terms

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duress and undue influence

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illegality

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Termination

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expiry or other specified event

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breach

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frustration

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basic principles of restitution and unjust enrichment in the context of termination of contract

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Remedies

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damages

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liquidated sums and penalties

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specific performance

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injunctions

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duty to mitigate

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indemnities

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guarantees

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Causation and remoteness

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