What is the difference between Contract Law and Property Law?

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a year ago

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 things
Key concepts	Offer, acceptance, consideration, capacity, legality, discharge, remedies	Ownership, possession, transfer, easements, liens, mortgages, landlord-tenant relationships
Function	Enforce agreements and provide remedies for breach	Define ownership rights and regulate relationships to things
Example	Contract to buy a car	Inheriting a house