Introduction to the Solicitors Qualifying Examination Part 1: Contract Law Essentials

The Solicitors Qualifying Examination (SQE) Part 1 assesses functioning legal knowledge, including contract law. It's a pivotal step for aspiring solicitors in England and Wales, ensuring they meet high professional standards.

A legally binding contract requires offer, acceptance, consideration, and the intention to create legal relations. Mere agreement does not suffice; the intention to be legally bound distinguishes social arrangements from contractual agreements.

Terms not expressly stated can be implied into contracts by law, custom, or previous dealings. The Sale of Goods Act 1979 exemplifies statutory implied terms, ensuring goods sold are fit for purpose.

The 1977 Act limits the ability to exclude or restrict liability for breach of contract through unfair terms, reflecting a balance between contractual freedom and consumer protection.

Contractual rights and obligations are traditionally confined to the parties of the contract. The Contracts (Rights of Third Parties) Act 1999 is a notable exception, allowing third parties to enforce contractual terms in certain circumstances.

Remedies for contract breaches include damages, specific performance, and injunctions. Quantum meruit claims allow recovery for services rendered when no contract exists, while 'promissory estoppel' can prevent retraction of a promise in some cases.

Digital signatures and online agreements have revolutionized contract formation. The Electronic Communications Act 2000 ensures electronic contracts hold the same legal weight as their paper counterparts, reflecting technological advancements in U.K. contract law.