(Pdf) Contract Law (Palgrave Macmillan Law Masters) by Ewan McKendrick (2011-06-02)
Deni Andi
Contract law is a branch of law that is concerned with the formation, performance, and enforcement of contracts. A contract is an agreement between two or more parties that is enforceable by law, and can take a variety of forms, including written contracts, oral contracts, and implied contracts.
Contract law is a complex and multifaceted area of law, and covers a range of topics, including the formation of contracts, the interpretation of contracts, the performance of contracts, and the remedies available for breach of contract.
In general, contract law is based on the principle of freedom of contract, which means that parties are free to enter into contracts on terms that they agree upon. However, there are also a number of legal rules and principles that apply to contracts, such as the requirement of consideration (meaning that each party must receive something of value in exchange for their promise), the requirement of capacity (meaning that parties must be legally able to enter into a contract), and the requirement of legality (meaning that the contract must not be illegal or against public policy).
Overall, contract law is an important area of law that plays a central role in the functioning of commerce and society. It is concerned with the formation, performance, and enforcement of contracts, and is based on the principle of freedom of contract within the framework of legal rules and principles.