Question: Assignment Question Wan A.[1] described a contract as .. fundamental to any sophisticated commercial economy. It stipulates rights, duties and remedies between individuals who require

 Assignment Question Wan A.[1] described a contract as ".. fundamental to

any sophisticated commercial economy. It stipulates rights, duties and remedies between individuals

Assignment Question Wan A.[1] described a contract as ".. fundamental to any sophisticated commercial economy. It stipulates rights, duties and remedies between individuals who require certainty when supplying goods and services" A contract is comprised of several essential elements such as offer and acceptance, intention, capacity, consent and consideration. Part (b) The UK Court of Appeal in Williams v Roffey Bros & Nicholls (Contractors) Ltd [2] delivered a judgment that sent shock waves among many academics and legal commentators. Very briefly outline the facts of this case and assess why the decision in the case was so controversial

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