Contract Formation and Parties
Offer and acceptance, consideration, intention, certainty, capacity, privity and third-party rights.
How to study for FLK1
Use closed-book rule anchors, realistic client facts, primary-classification ranges and an ethical decision check across every subject.
Core concepts
Concept 1
Distinguish offer from invitation, identify valid acceptance and resolve communication, revocation and counter-offer issues.
Exam cue: Build a chronological agreement map of offer, response, value and intention.
Concept 2
Apply consideration rules and recognise deed or estoppel issues without treating every promise as enforceable.
Exam cue: Identify who seeks to enforce which term and on what basis.
Concept 3
Test intention, certainty and capacity in the transaction's commercial or domestic context.
Concept 4
Apply privity and statutory third-party rights by term, identification, variation and defence.
Risk pitfalls and guardrails
Treating silence as acceptance without a valid legal basis.
Guardrail: Check the sitting-specific law cutoff and reject any answer that imports an FLK2 rule as the controlling subject.
Assuming a beneficiary can always enforce a promise despite privity.
Guardrail: Check the sitting-specific law cutoff and reject any answer that imports an FLK2 rule as the controlling subject.
Memory anchors
Contract Formation and Parties: scope
Offer and acceptance, consideration, intention, certainty, capacity, privity and third-party rights.
Contract Formation and Parties: focus 1
Distinguish offer from invitation, identify valid acceptance and resolve communication, revocation and counter-offer issues.
Contract Formation and Parties: focus 2
Apply consideration rules and recognise deed or estoppel issues without treating every promise as enforceable.
Contract Formation and Parties: focus 3
Test intention, certainty and capacity in the transaction's commercial or domestic context.
Contract Formation and Parties: focus 4
Apply privity and statutory third-party rights by term, identification, variation and defence.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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