ELEMENTS OF THE LAW OF CONTRACT: Understanding Contracts an an Universal Concept

About the Book:
the law of contract in many countries finds its source from the common law of England and the established doctrine of equity.the term Common Law consists of ancients customs and usages of England which have been recognized and given the force of law.
The common law of England has been continuously adopted and modified by various statutes of the receptive countries. thus, the principles of England are based on both common law and equity to form the basis of all commercial transactions.
given that the acceptable definition of contract is that a ' contract is an agreement between two or more persons, which may be legally enforced if the law is properly invoked',it is incumbent upon the reader to readily understand what constitute a valid contract.
Thus, in every valid contract,some rights is acquired by the one party and a correlative obligation or liability is undertaken by the other. however, in most contracts, both rights and obligations attach to each party.
Invariably, this book objective explores all the essentials of a valid contract and the remedies open to the injured party in the event of actionable breach of contract by the other party. read on [....]