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(p. 103) 5. An introduction to the law of contract 

(p. 103) 5. An introduction to the law of contract
Chapter:
(p. 103) 5. An introduction to the law of contract
Author(s):

Lee Roach

DOI:
10.1093/he/9780198748380.003.0005
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date: 18 September 2019

This chapter provides an introduction to the law of contract. It discusses several preliminary pre-contractual issues and explains that though most contracts do not require formalities, a number of important ones impose certain requirements and failure to comply may render the contract unenforceable. The ability of persons to enter into contracts (that is, their capacity) is also discussed where it is noted that certain persons cannot enter into legally binding contracts. The chapter also clarifies why contracts are enforced. This chapter also discusses the rules governing privity of contract and considers the role of third parties in enforcing a contractual term via statute and common law principles.

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