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Contract law monitors the arrangement (offer and acceptance) between the parties. Any breach by either party gives the other party a right to seek for performance/damages/compensation, etc from the breaching party.

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16y ago

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Can a union contract override a state law?

In California, when a union contract and state law are in conflict, then whichever provides more benefit to the employee prevails.


What is a principle law?

There are basically two, main concepts and principles to contract law: First, being mutual consideration. BOTH parties have to receive benefit, or its not a legal contract. If only one receives benefit, then there is not a contract. Second, there has to be a "meeting of the minds." This means, both understand what they are agreeing upon. Both are agreeing on the same things. If one thought it meant something totally different, then there was not a meeting of the minds and the contract is void.


What is a principle of law?

There are basically two, main concepts and principles to contract law: First, being mutual consideration. BOTH parties have to receive benefit, or its not a legal contract. If only one receives benefit, then there is not a contract. Second, there has to be a "meeting of the minds." This means, both understand what they are agreeing upon. Both are agreeing on the same things. If one thought it meant something totally different, then there was not a meeting of the minds and the contract is void.


What is practical benefits?

Practical often means tangible and useful, and a benefit is something gained. So if something is a practical benefit, it is something that can help you in a meaningful way.


Benefit of the Bargain is descriptive of what type of damages?

Benefit of the Bargain is a type of consequential damages in contract law, aiming to compensate the non-breaching party for the loss of the full value or benefit that would have been received had the contract been performed as agreed. This type of damages seeks to put the non-breaching party in the position they would have been in if the contract had been fulfilled.


What is a principle of contract law?

There are basically two, main concepts and principles to contract law: First, being mutual consideration. BOTH parties have to receive benefit, or its not a legal contract. If only one receives benefit, then there is not a contract. Second, there has to be a "meeting of the minds." This means, both understand what they are agreeing upon. Both are agreeing on the same things. If one thought it meant something totally different, then there was not a meeting of the minds and the contract is void.


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.


What is the origin of the phrase contract law?

Contract law is just a body of law regarding... well... contracts.


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.

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