# Contract Law Worksheet

Satisfactory Essays
Contract law – contract formation

Figure 1: Elements required for a contract to be recognised by law
Using Figure 1 above, and your knowledge of the elements required for contract formation, consider whether a contract recognised by law has been made in each of the scenarios below.
Scenario
IS THERE A contract?
James is selling his car for \$5000. Lucy comes to look at it, and says that she loves it, but that she only has \$4800 to spend. James says he will accept \$4800, as long as Lucy can pay within 3 days. Lucy says that she can, and says she will come to James’ house to pick up the keys and drop off the \$4800 in 3 days time.

Adam’s neighbor Julie has told him that she plans to erect a large, brick fence along the boundary of their property. Adam thinks this is a terrible idea. Adam offers Julie \$500 if she agrees not to build the fence. Julie takes the \$500, and says she will not build the fence.

Paul and Susie are chatting while Paul is playing with his new iPad. Susie is quite jealous, and offers to buy the iPad off Paul for \$200. Paul laughs and says that the iPad is worth at least \$500. Julie offers him \$500 for the iPad, but Paul says he is not interested in selling it.

Mark and his Dad agree that if Mark spends at least 2 hours each night studying in preparation for his upcoming exams, Mark’s Dad will buy him an iPod once his exams are completed.

Jessie offered her friend Patrick \$50 to paint her bedroom. Patrick said he would do it, but only if Jessie paid him \$100. Jessie said she would think about it.

Contract law – contract formation

Figure 2: Elements required for a contract to be recognised by law
Using Figure 1 above, and your knowledge of the elements required for contract formation, consider whether a contract recognised by law has been made in each of the scenarios below.
Scenario
IS THERE A contract?
James is selling his car for \$5000. Lucy comes to look at it, and says that she loves it, but that she only has

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