70211%Contracts%Notes%
1. Contract*formation*
• Agreement:*offer*
• Agreement:*acceptance*
• Consideration*
• Promissory*estoppel*
• Intention*to*create*legal*relations*
• Certainty/completeness*
2. Parties*to*the*contract*
• Privity*
• Mental*capacity*
3. Terms*of*the*contract*
• Expressed*terms*
• Extrinsic*evidence*
• Implied*terms*
• Interpretation/construction/classification*
• Exclusion*clauses*
4. Enforceability*
• Formalities/part*performance*
• Statutory*illegality**
• Common*law*illegality/public*policy*
• Consequences*of*illegality*
5. Proper*consent*
• Misrepresentation*(innocent/fraudulent)*
• Misleading*and*deceptive*conduct*(ACL*s*18)*
• Duress*
• Undue*influence*
• Unconscionable*conduct*
• Third*party*impropriety*
• Unilateral*mistake*
• Rescission*and*election*
6. Discharge/termination*of*contract*
• Performance/actions*for*payment*
• Agreement*
• Breach*and*repudiation*
• Frustration*
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