Introduction to Law of Contract
The origins of the principle of a ‘contract’ can be traced back to the Middle Ages. Much of modern contract law developed in the nineteenth century alongside economics, and played a large part in the Industrial Revolution. Contract Law has an extremely broad application in practice, from consumer transactions in shops and online, to the commercial sale of goods in business and the supply of individual’s services and skills. It also includes distribution of goods, franchising products, licensing, intellectual property trade and ownership, finance, security, and even employment, as contracts are essential ingredients in this type of formal relationship.
Learning Outcomes
At the end of this lecture you will be able to:
see how contract law developed;
understand the relationship between contract law and other areas of the law and identify a contract;
identify the essential elements of a contract; identify when a contract exists in certain relationships;
see how the courts establish when a contract has been breached.
The origins of the principle of a ‘contract’ can be traced back to the Middle Ages. Much of modern contract law developed in the nineteenth century alongside economics, and played a large part in the Industrial Revolution. Contract Law has an extremely broad application in practice, from consumer transactions in shops and online, to the commercial sale of goods in business and the supply of individual’s services and skills. It also includes distribution of goods, franchising products, licensing, intellectual property trade and ownership, finance, security, and even employment, as contracts are essential ingredients in this type of formal relationship.
Learning Outcomes
At the end of this lecture you will be able to:
see how contract law developed;
understand the relationship between contract law and other areas of the law and identify a contract;
identify the essential elements of a contract; identify when a contract exists in certain relationships;
see how the courts establish when a contract has been breached.
The origins of the principle of a ‘contract’ can be traced back to the Middle Ages. Much of modern contract law developed in the nineteenth century alongside economics, and played a large part in the Industrial Revolution. Contract Law has an extremely broad application in practice, from consumer transactions in shops and online, to the commercial sale of goods in business and the supply of individual’s services and skills. It also includes distribution of goods, franchising products, licensing, intellectual property trade and ownership, finance, security, and even employment, as contracts are essential ingredients in this type of formal relationship.
Learning Outcomes
At the end of this lecture you will be able to:
see how contract law developed;
understand the relationship between contract law and other areas of the law and identify a contract;
identify the essential elements of a contract; identify when a contract exists in certain relationships;
see how the courts establish when a contract has been breached.