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Introduction:
A contract is described as "an agreement giving rise to obligations enforced or recognised by law" (Doolan, 2003), he continues to describe that a contract exists "when legally capable persons have reached agreement, or where the law considers them to have reached agreement"

Doolan also illustrates that "The Law of Contract concerns itself with all contracts. Not alone does it apply to contracts worth considerable sums of money, but the same rules govern simple contracts, such as the purchase of a newspaper, having a haircut or taking a bus journey" (Doolan, 2003)

A contract in itself doe not have to be exclusively a written agreement but it can take the form of verbal or inferred agreement. These are the three forms of contract. An inferred contract occurs where one party infers an offer and another party infers acceptance. For example, a person buying a newspaper in shop would infer that he wants to go into a contract by handing over the price of the paper. He......

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Approximate Word Count: 455
Approximate Pages: 2 (250 words per double-spaced page)

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