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The functions of contract law are:-
- provide compensation to the claimant when a breach of contract has been committed
- to deter someone from breaking a contract knowing that compensation will be available
- to provide a framework in which businesses can operate
- provide consumer protection via Sale of Goods Act 1979 and the Unfair Contract Terms Act 1977
What else can I help you with?
What type of contract requires a law to be broken?
It would not be a valid contract. A contract to break the law is illegal.
Can a contract supersede the law?
No, a contract cannot supersede the law. The law always takes precedence over any agreements made in a contract.
What is an example of an private law?
Private laws are those that do not apply to everyone. An example of private law is a contract. As long as it is not illegal, you can contract for many things or you contract away your rights.
When a private individual brings a suit against a company for breaking a contract this is an example of law?
Generally, the action would involve breach of contract.
Where could one find some contract laws?
Contract law is a large and complex area of the law. You can find a summary of the main principles of contract law by visiting the Wikipedia page titled English contract law.
What is the origin of the phrase contract law?
Contract law is just a body of law regarding... well... contracts.
When was Landmark Cases in the Law of Contract created?
Landmark Cases in the Law of Contract was created in 2008.
Contract law is based on 3 principles of privity of contract and sanctity of contract and freedom of contract?
looking at the case law and other authorities do you think that contract law today is based on yhe three principles of privity of contarct,sanctity of contarct andfreedom of contract
Can a new law change a contract?
No. The contract is bound by the law that existed and was known to the parties at the time the contract was drawn up and signed.
What takes precedent statute law or contract?
Statute law takes precedence over the others. Where it doesn't conflict with the written laws, contract law will be next. Common law is only relied on as a last resort.
If a law is quoted in a contract and then a new law is passed what law is applicable?
The contract will say which law is in effect but cannot be canged after it has been signed so will be the law that was there when it was signed.
Classification of contract?
give a detailed analysis on the classification of a contract suggesting their practicability in really life
