What is the difference between Contract Law and Property Law?
Asked by Shiksha User
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1 Answer
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Hi,
Both Contract Law and Property Law concern people and things. However, they differ in the focuses and their purposes:
Feature Contract Law Property Law Focus Agreements between parties Ownership and relationships to thingsKey concepts Offer, acceptance, consideration, capacity, legality, discharge, remedies Ownership, possession, transfer, easements, liens, mortgages, landlord-tenant relationshipsFunction Enforce agreements and provide remedies for breach Define ownership rights and regulate relationships to thingsExample Contract to buy a car Inheriting a house
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