About RAC Law Blog

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About RAC Law Blog


RAC Law Blog™ is a legal blog created for law students, lawyers and persons interested in obtaining legal knowledge and insight. 

Articles published will feature areas of Laws of Contract and Commercial Law.  

The first few series will be on the vast topic of Laws of Contract. Topics will be explained in a comprehensive and easy to digest way by taking complex legal principles and simplifying them for any level.  

A New Article will be published fortnightly.

 

Disclaimer: RAC Law Blog™ is not a law firm nor does its contents gives legal advice or constitutes a legal - client relationship. The information is for educational purposes only.

 

© 2023 RAC Law BlogTM|All Rights Reserved

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Void -versus- Voidable Contracts

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RAC LAW BLOG ™   Void -versus- Voidable Contracts   Know the difference between Void and Voidable contracts   A contract that is  void  is illegal and unenforceable; whereas, a contract that is  voidable  is legal and the parties can enforce it.    What makes a contract void? The term void means that something is not valid and therefore not legally binding or enforceable. If something were to go wrong, there would be no remedy as the contact is invalid.  A contract that was initially valid when it was formed can later become void. An example in which this might occur is if the contract fulfills the necessary conditions of a valid contract but later the law changes, then that shifts the position and the contract become void. A common example of a void contract is where the contract involved illegal activity.    What makes a contract voidable? A voidable contract allows the option for one of the parties to get out of the contract...
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RAC LAW BLOG™ - Available Remedies for Breach of Contract

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  This article focuses on the remedies available in English Courts where a breach of contract occurs.  A breach of contract occurs when a party fails to fulfill the terms of a contract to which they previously agreed without lawful excuse.  In order to access the remedies available the affected party must satisfy the following : There is a valid existing contract Failure of performance of the contract  The innocent party has sustained injuries as a result of the breach  Remedies for Breach of Contract The primary remedies for breach of contract are:  1.  Damages ; 2.  Specific Performance ; 3.  Rescission 1. Damages Where a contract has been breached, the 'innocent' party ( innocent party meaning the person who has been negatively affected by the breach) has a right to damages as a form of remedy.  In instances where loss cannot be proved, nominal damages may be claimed.  The court is particularly interested in seeing that the claim...
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RAC Law Blog™ - Introduction to the Laws on Contract

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This article will focus on the elements which form a valid contract. The aim of this article is to give readers a deeper understanding of what constitutes a contract by exploring case law and its application.  What Constitutes a Contract? A contract is an agreement with specific terms between parties, creating mutual obligations that are enforceable by law. In order for a contract to be enforceable by law, it must be mutually agreed upon, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.  The agreement can be either oral or written between two or more parties which creates a legal obligation.  It is well established in English Law that a basic contract must comprise four key components: - Offer -Acceptance -Consideration -Intention to create legal relations To further explain -  - An Offer  is a promise to do something or refrain from doing something in exchange for something else.  An offer must contain some essenti...
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