Learn how contracts operate as risk management tools by examining the legal principles arising in the formation, construction and discharge of contracts. This unit will provide students with an understanding of remedies available for breach of contract and factors that may vitiate a contract. The unit prepares students for a range of units* across law specialist areas in commercial law, corporate, securities and finance law and international business law where a basic understanding of contractual law principles is valuable. Unit content includes: contract as a risk management device; formation of contracts: agreement, consideration, intention to create legal relations, certainty, privity, formalities; construction principles: contractual parties, contractual terms (express and implied), classifying terms, principles of interpretation; estoppel; vitiating factors: misrepresentation, misleading and deceptive conduct, unconscionable conduct, mistake, duress; discharge: performance, breach, termination and frustration; remedies: key statutory and common law remedies. * excluding the following advanced contract law units available to law graduates only: LAWS6809 Breach of Contract, LAWS6872 Contract Negotiation, LAWS6851 Construction Law, LAWS6915 Current Issues in Defamation Law, LAWS6954 Financial Risk Allocation in Equity, LAWS6903 Interpreting Commercial Contracts, LAWS6969 Principles of Patent Law, LAWS6919 Problems in Contract Formation and units as listed in the University of Sydney Law School Handbook. This unit is only available to non-law graduates who have not undertaken any previous study in contract law. Students must either have completed or be concurrently enrolled in LAWS6252 Legal Reasoning and the Common Law System before undertaking this unit. Students who have previously completed a law degree or studies in contract law from a common law jurisdiction must not enrol in this unit but are encouraged to enrol in LAWS6328 Contract Management. MLLR students who commenced after Jan 2015 may enrol in this elective unit of study. Further information about this unit is available in the Sydney Law School timetable https://canvas.sydney.edu.au/courses/4533/pages/postgraduate-lecture-timetable, unit of study outline https://www.sydney.edu.au/units and academic staff profile https://www.sydney.edu.au/law/about/our-people/academic-staff.html
Unit details and rules
Academic unit | Law |
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Credit points | 6 |
Prerequisites
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None |
Corequisites
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LAWS6252 |
Prohibitions
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LAWS1002 or LAWS1015 or LAWS2008 or LAWS5002 |
Assumed knowledge
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None |
Available to study abroad and exchange students | No |
Teaching staff
Coordinator | Derwent Coshott, derwent.coshott@sydney.edu.au |
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Lecturer(s) | Derwent Coshott, derwent.coshott@sydney.edu.au |