This document provides an overview of the key topics and stages that will be covered in the upcoming Contract Law Test Two for the BLAW 150 Business Diploma course. The test will examine intention to create legal obligations, consideration, capacity, legality, the content of the contract, defects in contracts, termination of contracts, and available remedies. It outlines the presumption for different types of agreements and how that presumption can be rebutted or disproven.

1. BLAW 150
FOR BUSINESS
DIPLOMA
WINTER
SEMESTER 2022
REVIEW SESSION FOR CONTRACT LAW TEST
TWO

2. EVERY
STAGE OF A
CONTRACT
WILL BE
EXAMINED
IN TEST 2

3. INTENTION TO CREATE LEGAL OBLIGATIONS
The presumption
– trivial v serious
agreements
Social/domestic v
commercial
Rebutting or
disproving a
presumption

4. CONSIDERATION

5. CAPACITY

6. LEGALITY Contracts cannot
legally formed or
performed,
otherwise they will
be rendered null and
void

7. STAGE TWO
– CONTENT
OF THE
CONTRACT

8. STAGE
THREE -
DEFECTS

9. STAGE FOUR –
TERMINATION
OF THE
CONTRACT
• BONUS MARKS
• Performance
• Breach: major v minor
• Agreement
• Frustration

10. STAGE FIVE
- REMEDIES
• Compensatory damages
• Injunction
• Specific performance