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7. Collocations with 'contract'

The noun 'contract' can collocate with any of the verbs below. Choose two verbs from each column and write six sentences to illustrate the meaning of these collocations.

to sign a contract to enforce to break / breach

to enter into to recognise to avoid

to make to interpret to cancel

to conclude to uphold to set aside

to be bound by to repudiate

8. Elements of a contract Speaking

Use Figure 7.1 to talk about the main elements of a contract. Begin the explanation of each element with a definition. Think how to link each prompt with the next. For example, you can say something like this: 'There are three points to remember about offers. First of all ... Secondly ... And finally ... '

E L E M E N T S O F A C O N T R A C T

FORM

- generally not important

- must be in writing: sale of

land, leases of 3 years or more; insurance; loan and hire purchase; to buy shares, etc

OFFER

- advert not offer but invitation to treat

- can be made to person, group, whole world

- if accepted, cannot be

withdrawn

NO VITIATING FACTORS - illegality

- mistake

- misrepresentation

- duress

- undue influence

ACCEPTANCE

- mirror image rule

- must be communicated

to offeror

- by telex - when received

- by post - when sent

- offeree must know of its

existence

CERTAINTY OF TERMS not vague or incomplete

CONSIDERATION

- must have econ. value

- need not be adequate

- must be two-way, not gift

- must not be in the past

- must not be existing

obligation

- rights of third parties

LEGAL INTENT

- contract must have legal consequences, not joke

- business agreements

- gaming and wagering

contracts

- domestic and social agreement

CAPACITY

- persons of 18 and over

- of sound mind

- minors: contracts for

necessaries, employment or training valid

- void and voidable contracts with minors

- contracts with mentally disordered and drunk

Figure

7.1 - Elements of a Contract

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