TABL1710 Study Guide - Final Guide: Australian Contract Law, Estoppel, Consideration

• School: UNSW, UNSW Sydney
• Department: Taxation and Business Law
• Course: TABL1710
• Professor: Helen Cosby

Document Summary

Invitations to treat are not offers i. e. goods displayed for sale, auctions. Essential elements to consider in order to determine enforceability. Illegal when purpose of contract contravenes staute/common law, it will generally be treated as being void. Classification according to performance: executed contracts object of contact is performed and completes at time of making, executory contracts one of parties promises to do/refrains from doing something in future. Classification according to formation: express contracts contracts may be wholly in writing, evidenced in writing, oral or partly written and partly oral. Implied contracts contract is implied from circumstances surrounding acts or conduct of parties: quasi-contracts contract is result of an agreement imposed by law irrespective of whether agreement exists between parties. Classification according to formal or simple contracts and its importance to business: formal vs simple contracts question about form of contract and not about its content.