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The law relating to contracts is one of the pillars of the common law system. An understanding of the basic elements of contract law is thus a critical pre-requisite for the study of a number of later subjects, including Conveyancing, Commercial Transactions and Industrial Law.
The course aims to provide students with an understanding of the basic principles of contract law which apply to nearly all contracts. In fulfilling this aim, the course focuses primarily on a study of relevant case law and statute law. The course covers the elements of formation of contracts, terms of a contract, matters affecting consent to a contract, discharge of contracts, illegality, remedies, and third party rights.
Special principles that apply to specific types of contracts are dealt with in later courses.
The objectives of the course are:
(a) to provide students with an understanding of basic principles of contract law; and
(b) to develop in students an ability to analyse fact situations and correctly identify the relevant principles of contract law that are applicable to the resolution of problems raised by particular factual situations.
ASSESSMENT
To be eligible to sit for the Board’s examinations, all students must complete the LEC teaching and learning program, the first step of which is to ensure that you have registered online with the LEC in each subject for which you have enrolled with the Board. This gives you access to the full range of learning resources offered by the LEC.
Then, students must achieve a satisfactory result (at least 50%) in each subject where a compulsory component is prescribed.
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