Law Of Contract at University Of Stellenbosch | Flashcards & Summaries

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Lernmaterialien für Law of Contract an der University of Stellenbosch

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TESTE DEIN WISSEN

What are the 3 possibilities of a contract being reached? 

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1. information theory

2. postal theory

3. receipt theory

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Material mistake

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no consensus & therefore no ctc

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What is a contract?

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an agreement which creates obligations

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What are the 3 things that can caused a grounds for rescission?

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1. Misrepresentation

2. Duress

3. Undue Influence

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What is ratification?

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Permission may be given after the ctc has been concluded.

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What does contra bones mores contracts mean?

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Type of contract which performance is not illegal or against the public good.

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What is an acceptance?

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An acceptance is an express/ implied declaration by the offeree to the offeror of his intention to be bound contractually on the terms of the offer.

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TESTE DEIN WISSEN

Give examples of types of agreements that may create or terminate obligations but which are not contracts.

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Marital agreements (marriage), debt extinguishing agreements (e.g release from/ waiver of a debt) &  real agreements (a deed of transfer to effect transfer of immovable property)

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What is a voidable contract?

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A voidable contract is a contract where all the validity requirements were met and contract is valid but one of the parties may have a choice to exercise the remedy of escaping from the contract. 

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What does exceptio non adimpleti contractus mean?

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TESTE DEIN WISSEN

minor can't enforce performance unless he tenders performance as well

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What is an offer?

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An offer is a proposal or expression of willingness to ctc on certain terms, the acceptance of which will create a ctc.

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What are the requirements for a valid ctc?

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1. Contractual Capacity

2. Agreement & Reliance of Agreement 

3. Grounds 4 Rescission (proper behaviour at conclusion)

4. Formalities

5. Lawfulness

6. Possibility of performance

7. Certainty of performance

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Q:

What are the 3 possibilities of a contract being reached? 

A:

1. information theory

2. postal theory

3. receipt theory

Q:

Material mistake

A:

no consensus & therefore no ctc

Q:

What is a contract?

A:

an agreement which creates obligations

Q:

What are the 3 things that can caused a grounds for rescission?

A:

1. Misrepresentation

2. Duress

3. Undue Influence

Q:

What is ratification?

A:

Permission may be given after the ctc has been concluded.

Mehr Karteikarten anzeigen
Q:

What does contra bones mores contracts mean?

A:

Type of contract which performance is not illegal or against the public good.

Q:

What is an acceptance?

A:

An acceptance is an express/ implied declaration by the offeree to the offeror of his intention to be bound contractually on the terms of the offer.

Q:

Give examples of types of agreements that may create or terminate obligations but which are not contracts.

A:

Marital agreements (marriage), debt extinguishing agreements (e.g release from/ waiver of a debt) &  real agreements (a deed of transfer to effect transfer of immovable property)

Q:

What is a voidable contract?

A:

A voidable contract is a contract where all the validity requirements were met and contract is valid but one of the parties may have a choice to exercise the remedy of escaping from the contract. 

Q:

What does exceptio non adimpleti contractus mean?

A:

minor can't enforce performance unless he tenders performance as well

Q:

What is an offer?

A:

An offer is a proposal or expression of willingness to ctc on certain terms, the acceptance of which will create a ctc.

Q:

What are the requirements for a valid ctc?

A:

1. Contractual Capacity

2. Agreement & Reliance of Agreement 

3. Grounds 4 Rescission (proper behaviour at conclusion)

4. Formalities

5. Lawfulness

6. Possibility of performance

7. Certainty of performance

Law of Contract

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