WEBThe next chapter will cover all of these, but this chapter will focus solely on the most common and sought after remedy - damages. Damages in contract law can be defined as a sum of money paid to the innocent party in compensation for a breach of contract. As you will know by now, contract law is based upon the freedom of the contracting ...
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WEBThe first requirement for a valid contract is an agreement. An agreement is usually broken down into two parts: an offer and an acceptance and involves a 'meeting of the minds' (a consensus) between two or more parties. Whether or not there is a consensus is determined (like most things in contract law) objectively; in essence, this means that ...