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LESSON 3LAW OF CONTRACTCONTENTS1.2.3.4.Read the Study Text provided belowAssigned readings: Chapter 5 of HusseinAttempt the reinforcing questions given at the end of the lessonCompare your answers with those given in lesson 9STUDY TEXTContents1.2.3.4.5.6.7.8.9.10.11.Sources the Kenya Law of ContractElements of a contractCapacityConsiderationFormalityLegalityIntentionTerms of a ContractVitiating elements in a contractDischarge of contractRemedies for breach of contractLESSON 31.LAW OF CONTRACT2SOURCES OF THE KENYA LAW OF CONTRACTThe Law of Contract Act 1961, S. 2(2) provides that, except as may be provided by any written law for thetime being in force, the common law of England relating to contract, as modified by doctrines of equity andby the Acts of the United Kingdom Parliament specified in the schedule to the Act, to the extent and subjectto modifications in the said schedule, shall extend and apply to Kenya. The U.K. Acts specified in theschedule are:(i)The Law Reform (Married Women and Tortfeasors) Act, 1935.(ii)The Law Reform (Frustrated Contracts) Act, 1943.(iii)The Disposal of Uncollected Goods Act, 1952. (This Act is no longer applicable, having beenrendered inapplicable by S. 10 of the Kenya Disposal of Uncollected Goods Act, 1987).1.1Types of ContractThe common law of England relating to contract classifies contracts into the following categories:(i)Specialty Contracts - which are executed in ...


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