What is the difference between Contract Law and Property Law?

0 4 Views | Posted 3 months ago
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    Answered by

    Pragati Singh | Contributor-Level 10

    3 months ago

    Hi,

    Both Contract Law and Property Law concern people and things. However, they differ in the focuses and their purposes:

    FeatureContract LawProperty Law
    FocusAgreements between parties
    Ownership and relationships to things
    Key conceptsOffer, acceptance, consideration, capacity, legality, discharge, remedies
    Ownership, possession, transfer, easements, liens, mortgages, landlord-tenant relationships
    FunctionEnforce agreements and provide remedies for breach
    Define ownership rights and regulate relationships to things
    ExampleContract to buy a car
    Inheriting a house

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