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CONTRACT LAW PART A A contract is a legally enforceable agreement thus there are two basic essentials. Firstly there must be an agreement between the parties and secondly the agreement must be a kind that the law can recognise and enforce. There are clearly two approaches to the analysis of the essential elements of a contract. The first is the generally accepted classical approach ( known as the objective test ) and this systematically searches for the various elements that are seen to be the rudiment of a valid contract. The many of the elements include an offer, acceptance, consideration, intention and so forth. The other route to solve a contract problem is to adopt the 'subjective' test which is a fairly modern approach that was suggested by Lord Denning. The subjective test attempts to ascertain the actual intention of the contracting parties, whereas an objective test examines the parties actions...

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