Contract Law, Fourth Edition (law Cards)

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Cavendish LawCards are complete, pocket-sized guides to key examinable areas of the law for both undergraduate and PGDL courses. Their concise text, user-friendly layout and compact format make Cavendish LawCards the ideal revision aid for identifying, understanding, and committing to memory the salient points of each area of the law.

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CAVENDISH lawcards series® Contract Law Fourth Edition Cavendish Publishing Limited London • Sydney • Portland, Oregon Fourth edition first published in Great Britain 2004 by Cavendish Publishing Limited, The Glass House, Wharton Street, London WC1X 9PX, United Kingdom Telephone:+44 (0)20 7278 8000 Facsimile:+44 (0)20 7278 8080 Email: [email protected] Website: www.cavendishpublishing.com Published in the United States by Cavendish Publishing c/o International Specialized Book Services, 5824 NE Hassalo Street, Portland, Oregon 97213–3644, USA Published in Australia by Cavendish Publishing (Australia) Pty Ltd 45 Beach Street, Coogee, NSW 2034, Australia Telephone:+61 (2)9664 0909 Facsimile:+61 (2)9664 5420 Email: [email protected] Website: www.cavendishpublishing.com.au © Cavendish Publishing Ltd 2004 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, without the prior permission in writing of Cavendish Publishing Limited, or as expressly permitted by law, or under the terms agreed with the appropriate reprographics rights organisation. Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Cavendish Publishing Limited, at the address above. You must not circulate this book in any other binding or cover and you must impose the same condition on any acquirer. Cataloguing in Publication Data Data available ISBN 1–85941–868–6 13579108642 Typeset by Photosetting, Chatham, Kent Printed and bound in Great Britain Contents 1 Agreement 2 Consideration 19 3 Contents of a Contract 37 4 Exemption (Exclusion or Limitation) Clauses 53 Vitiating Elements which Render a Contract Voidable 71 6 Mistake 93 7 Illegality and Capacity 107 8 Discharge 125 9 Remedies for Breach of Contract and Restitution 143 Privity of Contract 167 5 10 1 1 Agreement The traditional view that an agreement requires the identification of a valid offer and a valid acceptance of that offer has been challenged in recent years by: Ü Lord Denning in Gibson v Manchester City Council (1979) Ü and Butler Machine Tool Co Ltd v Ex-Cell-O Corpn Ltd (1979) where he stated that providing the parties were agreed on all material points, then there was no need for the traditional analysis; Lord Justice Steyn (obiter) in Trentham Ltd v Archital Luxfer (1993) where he stated that a strict analysis of offer and acceptance was not necessary in an executed contract in a commercial setting. The traditional view, however, was applied by the House of Lords in Gibson v Manchester City Council (1979). Lord Diplock did recognise that there may be some ‘exceptional contracts which do not fit easily into an analysis of offer and acceptance’, for example, a multi-partite contract as in Clarke v Dunr
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