Construction Law
| The text below is from the 2nd Edition of this title. The 3rd and 4th Editions are published by London Publishing Partnership. |
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CHAPTER 2
CONTRACT FORMATION
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Introduction
2.01 A contract may be described as an agreement which by law confers and imposes rights and obligations upon the parties to it.1 The flipside of every contractual obligation is the right of the other party to call for performance of the obligation.2 A contract may be one under which only one party owes obligations to the other party. A contract of guarantee is such a contract. But where, as is usually the