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The Law of Contract - Lesson 4: Discharge of a Contract.
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Unit 2: The Law of Contract - Lesson 4: Discharge of a Contract The National Association of Paralegals Head Office 21, Southernhay West, Exeter, Devon, Ex1 1PR 01392 251999 The Law of Contract End of Unit Assignment Nadine Basden #3 Battery Close, Apt. 4 St. David's, St. George's DD02 Bermuda (a) Contracts are promises that the law will enforce. The law provides remedies if a promise is breached or recognizes the performance of a promise as a duty. Contracts arise when a duty does or may come into existence, because of a promise made by one of the parties. In order to make a contract legitimate the seven requirements of a valid contract are necessary. (a) an offer must be made by one party and accepted by another, (b) there must be legal intentions present, (c) the parties involved must be legally capable, (d) all contracts must be supported by consideration with the exception of contracts under seal, (e) the contract must not...
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