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Practical Concepts in Contract Law

94 Pages Posted: 25 Sep 2007  

Ehsan Zar Rokh

University of Tehran; Islamic Azad University (IAU) - Kermanshah branch, Students

Date Written: September 23, 2007

Abstract

A contract is a legally binding exchange of promises or agreement between parties that the law will enforce. Contract law is based on the Latin phrase pacta sunt servanda (literally, promises must be kept). Breach of a contract is recognised by the law and remedies can be provided. Almost everyone makes contracts everyday. Sometimes written contracts are required, e.g., when buying a house. However the vast majority of contracts can be and are made orally, like buying a law text book, or a coffee at a shop. Contract law can be classified, as is habitual in civil law systems, as part of a general law of obligations (along with tort, unjust enrichment or restitution).

Keywords: contract, important concepts, legal analyse, comparative

Suggested Citation

Zar Rokh, Ehsan, Practical Concepts in Contract Law (September 23, 2007). Available at SSRN: https://ssrn.com/abstract=1016565 or http://dx.doi.org/10.2139/ssrn.1016565

Ehsan Zar Rokh (Contact Author)

University of Tehran ( email )

Tehran
Iran
00989183395983 (Phone)

HOME PAGE: http://www.zarrokh.ir

Islamic Azad University (IAU) - Kermanshah branch, Students

Iran

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