Contract is important in a number of different ways. Firstly, it is a building-block module on which other subjects will depend in later years of the degree. Contract law also exemplifies principles of law and techniques of analysis which go to the heart of any legal system. The existence and application of the law of contract have far-reaching effects on social relations and economic practice, whether the perspective is that of a large commercial company or of a consumer. Last but not least, the law of contract affects our daily lives and conditions the way in which business is conducted.
This module aims to provide you with a thorough understanding of the principles of the law of contract and with a rigorous training in the analysis and practical application of those principles. At the same time the module aims to develop critical understanding of the underlying issues such as the need for policy considerations, the endeavours to balance different groups of contract parties, the limits of the rule of precedents and the question of judicial activism.