Eduqas A-Level Law A150QS
Parliamentary and European Law Making
Delegated Legislation
Statutory Interpretation
Judicial Precedent
The Civil Courts and Civil Process
The Criminal Process
Legal Personnel
Access to Justice and Funding
Contract: Rules and Theory of Contract LawContract
Contract: Essential Requirements and FormationContract
Contract: Express and Implied TermsContract
Contract: Misrepresentation and Economic DuressContract
Contract: Discharge of ContractContract
Contract: RemediesContract
Tort: Rules and Theory of Tort LawTort
Tort: NegligenceTort
Tort: Occupiers' LiabilityTort
Tort: Torts Connected to LandTort
Tort: Vicarious LiabilityTort
Tort: Defences and RemediesTort
Criminal Law: Rules and TheoryCriminal
Criminal Law: General Elements of LiabilityCriminal
Criminal Law: Offences Against the PersonCriminal
Criminal Law: Property OffencesCriminal
Criminal Law: Capacity DefencesCriminal
Criminal Law: Necessity Defences and Preliminary OffencesCriminal
Human Rights: Rules and TheoryHuman rights
Human Rights: Protection of Rights and Freedoms in the UKHuman rights
Human Rights: Convention ProvisionsHuman rights
Human Rights: Restrictions on Convention RightsHuman rights
Human Rights: EnforcementHuman rights
Human Rights: ReformHuman rights
Contract: Rules and Theory of Contract Law
The function of the law of contract
- 3 things to know
- Components 2 and 3
Overview
Central function of the law of contract, saying that contract law protects expectations and argument that contract law should intervene as little as possible.
What you need to know
Answer each one before you reveal it.
How does a contract allocate risk between the parties?
Why does the law of contract matter to commercial certainty?
Questions from this subtopic
Each one with the model answer underneath.
- 1
State the central function of the law of contract.
Model answer
The law of contract gives legal force to agreements the parties intended to be binding. The law of contract also supplies a remedy when a promise is broken.
- 2
How does a contract allocate risk between the parties?
Model answer
A contract allocates the risk of future events before those events happen. A force majeure clause places a named risk on one side of the bargain.
- 3
Why does the law of contract matter to commercial certainty?
Model answer
Certainty allows a business to predict how a court will read its agreement. Firms can then plan, price and invest without litigating every deal.
- 4
What is meant by saying that contract law protects expectations?
Model answer
Contract law protects the expectation a party had of receiving performance. Protection of expectations is what makes a promise worth relying on commercially.
- 5
Explain how the law of contract supports the exchange of goods and services.
Model answer
Every sale, employment and supply arrangement rests on an enforceable exchange of promises. The law of contract turns those promises into obligations that a court will uphold.
- 6
Why are contractual duties described as voluntarily undertaken?
Model answer
Contractual duties arise because the parties chose to accept them. Duties in other branches of the law are imposed regardless of any agreement.
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