This assignment delves into fundamental principles of contract law. It examines key elements required for contract formation, such as offer, acceptance, consideration, and intention to create legal relations. The focus then shifts to remedies available when a contract is breached, including damages (liquidated and unliquidated), restitution, rescission, reformation, specific performance, and the resale remedy. The assignment also discusses relevant legislation like the Sale of Goods and Services Act 1982 and its implications for contractual agreements.