Contract Law and Binding Contracts: An Evaluation

INDIVIDUAL ESSAY

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Contract Law and blue prints of contract....................................................................................3
Court system in English Legal System........................................................................................3
Evaluation of Binding Contract...................................................................................................4
Remedies available......................................................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
English legal system is a comprehensive body that regulates all the legal activities and
decisions making in England and Wales (Thomas and McGourlay, 2017). The current report will
evaluate contract law and the nature of binding contracts as well as the remedies that are
available in case of breach of contracts.
MAIN BODY
Contract Law and blue prints of contract
Contract law basically governs the nature and legality if the contracts that is being entered
into and further evaluates that whether they are valid or not (Beale and et.al., 2019). English
contract law takes into purview the contracts being developed in England and Wales and the key
is to ensure that all these contracts are legally binding in a court. There are certain elements that
a contract needs to possess in order to become legal and viable and which binds two or more
contractual parties together. These are:
 An offer depicting clear requirements must be made by one party to another party.
 There must be acceptance by the other party regarding the offer which has been made to
them.
 Consideration is the key aspect in forming a valid contract where something of value must
be exchanged between both the parties (Knapp, Crystal and Prince, 2019).
 The parties of contract must be in capacity to enter into contract legally i.e. in terms of both
mental ability and age factor.
 Both parties must have the common intent of fulfilling the promise made in the contract.
 The terms and conditions of the contract must render it legally enforceable in the court.
These collectively indicate the terms that make a contract legally enforceable and valid
under the English contract law.
Court system in English Legal System
The English legal system basically has two different categorisations of the court i.e. the
civil law and the criminal law. The civil law dictates the rights and obligations of every
individual and when those rights or duties are compromised with, they in return claim a remedy
from the individuals (Finch and Fafinski, 2018). The criminal law on the other punishes a person
if their actions are found to be offensive or undesirable in the eyes of the State. The High Court
of Justice and the County courts are the lowest level coming under Court of Appeal which
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