Korean Contract Law I

The Korean law of contract

1. Formation of contract

2. Defects of consent

3. Performance

4. Breach

5. Remedies

6. Limitation of claims

  • Substantive limitation of rights
  • Limitation of actions

7. Discharge by frustration

  • Impossibility of performance
  • Incidence of risk

8. Agency

  • Agency created by law
  • Agency created by agreement
  • Ostensible authority
  • Unauthorised acts of an ‘agent’

9. Assignment

10. Third parties

11. Good faith

12. Contract interpretation