Principles of Contract Law: Basics of contractual agreements.

Principles of Contract Law: Basics of contractual agreements.

Week 1: Introduction to contracts, elements of a contract

1. Day 1: Introduction to contract law
2. Day 2: Understanding the essential elements of a contract: agreement, consideration, capacity, legality
3. Day 3: Detailed study of agreement: offer and acceptance
4. Day 4: Detailed study of consideration: benefit-detriment test, promissory estoppel
5. Day 5: Detailed study of capacity and legality

Week 2: Formation of contracts, offer and acceptance

1. Day 1: In-depth understanding of offer: intent, definiteness, communication
2. Day 2: In-depth understanding of acceptance: mirror image rule, silence as acceptance
3. Day 3: Special scenarios in offer and acceptance: advertisements, auctions, tenders
4. Day 4: Concept of revocation, rejection, counteroffer
5. Day 5: Case study analysis of offer and acceptance

Week 3: Contractual obligations, performance, and breach

1. Day 1: Understanding contractual obligations and duties
2. Day 2: Principles of performance: complete, substantial, inferior performance
3. Day 3: Understanding breach of contract: anticipatory, actual, minor, material breach
4. Day 4: Excuses for non-performance: impossibility, impracticability, frustration of purpose
5. Day 5: Case study analysis of performance and breach

Week 4: Remedies for breach of contract

1. Day 1: Overview of remedies for breach of contract
2. Day 2: Understanding legal remedies: damages – compensatory, consequential, punitive
3. Day 3: Understanding equitable remedies: specific performance, injunctions, rescission
4. Day 4: Limitations on remedies: foreseeability, certainty, mitigation of damages
5. Day 5: Case study analysis of remedies for breach of contract