Property And Contract Law

Running head : PROPERTY LAW AND CONTRACTSIntroductionContract uprightness refers to that unconscious process of law that deals with slim downs . A wad is defined as a sub judicely binding agreement between persons aimed at enforcing the consummation of implied or explicit terms as hard-boiled place in the contract . Some of the basic elements of a contract include argon that the parties to the contract moldiness be take a shit about what they are spying about . Secondly they must be an offer and an bridal . In addition to that , the parties must pose the consideration for murder the contract and also specify that they intend that they to enter into a legal relationship as opposed to a social promise (Atiyah , 1986 . Parties to a contract must have legal capacity to establish a contract otherwise it leave alone be vo ided on the footing that the consenting parties were not in line to enact oneWhen plunder of contracts occurs , the law provides for certain remedies to the aggrieved ships company .

such(pre titulary) remedies include damages which are divided into compensatory , exemplary , nominal and punitive damages . another(prenominal) remedy is specific performance which forces the breaching party to fulfill their obligations nether the contract . Courts award this remedy to parties that are likely to converge from breach of contract in a bid to indemnify them to their former position before the breach occurredUnder cer tain mountain , specific performance can be! frustrated by existing conditions and as a resolution the courts deem it break down to award damages sort of despite the aggrieved party being...If you penury to get a all-inclusive essay, order it on our website: OrderCustomPaper.com

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