Contract Law Flowchart PDF

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Summary

Flowchart of Contract Law - useful aid...

Description

Contract Law Flowchart - Contract Formation facts

no contract

no

intention

yes

no contract

no

legality no contract yes

no contract

no

yes

capacity

minor/unfit

yes

yes

necessaries of life

no

may be repudiated when capacity achieved

no

no contract

no

no contract

no

offer

conditional

condition satisfied

communicated communicated no contract

no

acceptance

conditional

communicated

unconditional

no contract

no

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adequate consideration

counter-offer

unconditional

acceptance

yes

no

valid contract

no contract

conditional

Contract Law Flowchart - Contract Enforceability land guarantee assumed tort liability employment > 1 year

valid contract

contract in writing

yes

part performance

no

yes

yes

contract void of no force or effect rectification rescission damages

Statute of Frauds applies

no

no contract concerns land

mistake

no

unenforceable contract

yes no

innocent misrep’n

elect to void contract

yes

yes

hardship if not enforced

no

yes no

yes

voidable

fraudulent misrep’n

no rectification rescission damages

yes

undue influence

yes no

duress elect to enforce contract

no enforceable contract

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Contract Law Flowchart - Contract Discharge enforceable contract

discharge

yes

full payment

no

discharge

yes

full performance

no

discharge

yes

agreement to terminate

no

discharge

yes

option to terminate as term of agreement

by right

no

discharge

yes

frustration

no

discharge

yes

yes

yes

express or implied term that must be satisfied before contract is performed

condition precedent

no

discharge

bankruptcy limitations

operation of law

no

discharge

Performance rendered impossible by external event, eg. war

condition subsequent

occurrence of specified event force majeure Act of God

no

breached contract

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Contract Law Flowchart - Contract Breach

breached contract

express repudiation

contract performed successfully or continuing

yes

no

no

implied repudiation

yes

anticipatory

yes

continue to time of perf.

yes

fundamental breach

no

warranty

yes

damages per warranty terms

no

no

exemption clause

yes

no

damages per exemption terms

yes

no

fundamental breach

yes

damages liquidated damages specific performance injunction quantum meruit recission

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