Capacity and Privity of Contract

This is about the legal status of persons. Who has the legal status which allows them to enter into agreements which become binding. It is about the capacity to consent to a legally binding agreement. Privity of contract is a rule to the effect that only parties to a contract may enforce obligations under the contract or derive a benefit from the contract. Copyright 2013 Lola Akin Ojelabi / La Trobe University, all rights reserved. Contact for permissions.

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In this introductory subject, students examine legal institutions and practices such as law making and interpretation of laws. The law of contract and its place in commercial law, notably the law of the sale of goods, comprise the body of the unit. Other kinds of civil liability such as fault liability are compared. Students examine the economic and political factors which have influenced the development of this law and assess the impact of the law on business and industrial activity. Students are also introduced to the legal structures available for conducting business in Australia.