Contract Law — Introduction to Contract Law and Offer + 5 more topics

Contract law is all about agreements that create legal obligations. Not every agreement is a contract; only those the law recognizes as enforceable are. The core elements required for a valid contract are: offer, acceptance, consideration, and intention to create legal relations. We'll focus on offer today.

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When parties enter into a contract, the law generally assumes they've done so freely and with full understanding. However, this isn't always the case. Vitiating factors are elements that invalidate a contract or make it voidable, meaning one of the parties can choose to end it. They indicate that true, informed consent (or "consensus ad idem") was absent.

There are several main types of vitiating factors:

A contract is discharged when the primary obligations of the parties under the contract come to an end. This can happen in several ways:

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