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Free RES exam notes · Lessons 5–6

Lessons 5–6: Law of Contract notes

Offer and acceptance, consideration, capacity, void and voidable contracts, misrepresentation, discharge and remedies, the OTP and S&P, and the Law Society Conditions of Sale. Read the notes, then test yourself.

This chapter covers the contract law behind every property deal: how an agreement becomes binding, what can undo it, what happens on breach, and how these rules apply to an option to purchase, a sale and purchase agreement and a tenancy. Questions give a short scenario and ask whether a contract exists, what its status is, or which remedy or Condition of Sale applies.

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Our own summary. Figures checked against official sources on 3 October 2026.

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