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Tuesday, 14 October 2003 Contract Law Main issues * Generally, contracts can be made in any form and can be proved by any means. Commercial parties generally reduce their contract to written form but for practical convenience, not legal compulsion. * However, law does insist upon requirements of form for exceptional cases. * Only example in English Law as a formal requirement which is sufficient in itself to render a promise binding is a promise that is made in a deed. Promises are rendered enforceable by making use of a deed. * Other principle forms which are additional and necessary for making contracts binding are: o Contract must be made in writing, or o Must be evidenced in writing, or o Must be made by deed. Introduction * Gen. perception that people are not bound by a contract until they sign, however this perception wrong as oral contract gen. just as binding as a written one. o Though gen. advantageous to...

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