{"id":224,"date":"2009-01-29T14:05:56","date_gmt":"2009-01-29T05:05:56","guid":{"rendered":"http:\/\/lawlec.korea.ac.kr\/law-tmp\/?page_id=224"},"modified":"2026-03-03T05:00:06","modified_gmt":"2026-03-03T05:00:06","slug":"contract","status":"publish","type":"page","link":"https:\/\/lawlec.korea.ac.kr\/?page_id=224","title":{"rendered":"Korean Contract Law I"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">1. Formation of contract<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"?p=239\">Offer, Invitation to treat<\/a><\/li>\n\n\n\n<li><a href=\"?p=253\">Acceptance<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">2. Defects of consent<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"?p=359\">Incapacity<\/a><\/li>\n\n\n\n<li><a href=\"?p=413\">Mistake<\/a> (Art. 109)<\/li>\n\n\n\n<li><a href=\"?p=455\">Deception<\/a> (Art. 110)<\/li>\n\n\n\n<li>Duress<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">3. Nullity<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Illegality, <em>contra bonos mores <\/em>(Art 103)<\/li>\n\n\n\n<li><a href=\"?p=470\">Manifest unfairness<\/a> (Art. 104)<\/li>\n\n\n\n<li><a href=\"?p=474\">Lack of intention to create legal obligation<\/a> (Art 107)<\/li>\n\n\n\n<li><a href=\"?p=478\">Sham transaction<\/a> (Art. 108)<\/li>\n\n\n\n<li><a href=\"?p=393\">Ultra vires<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">4. Performance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"?p=485\">Tender<\/a><\/li>\n\n\n\n<li><a href=\"?p=493\">Power to receive performance<\/a><\/li>\n\n\n\n<li><a href=\"?p=496\">Accord and satisfaction<\/a><\/li>\n\n\n\n<li>Variation (Novatio)<\/li>\n\n\n\n<li>Set-off<\/li>\n\n\n\n<li>Deposit in court<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">5. Breach<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"?p=499\">Delay<\/a><\/li>\n\n\n\n<li><a href=\"?p=504\">Defence of simultaneous performance<\/a><\/li>\n\n\n\n<li><a href=\"?p=2621\">Repudiation<\/a><\/li>\n\n\n\n<li>Incomplete performance<\/li>\n\n\n\n<li><a href=\"?p=515\">Breach, wrongfulness and fault<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">6. Remedies<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"?p=521\">Compulsory performance<\/a><\/li>\n\n\n\n<li><a href=\"?p=2635\">Termination<\/a><\/li>\n\n\n\n<li><a href=\"?p=539\">Damages<\/a><\/li>\n\n\n\n<li>Contributory negligence, mitigation of damage<\/li>\n\n\n\n<li>Restitutionary awards<\/li>\n\n\n\n<li><a href=\"?p=554\">Action oblique, setting aside collusive dispositions, disgorgement order<\/a><\/li>\n\n\n\n<li>Statute of limitations v. statute of repose (absolute time limit for bringing a claim)<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">7. Discharge by frustration, force majeure<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Impossibility of performance<\/li>\n\n\n\n<li>Incidence of risk<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">8. <a href=\"https:\/\/lawlec.korea.ac.kr\/?p=563\">Power of attorney<\/a><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Statutory power of attorney<\/li>\n\n\n\n<li>Contractual power of attorney<\/li>\n\n\n\n<li>Ostensible authority<\/li>\n\n\n\n<li>Unauthorised acts of an 'agent'<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">9. Assignment<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"?p=575\">Assignment of a claim<\/a><\/li>\n\n\n\n<li><a href=\"?p=585\">Undertaking contractual liabilities<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">10. Third parties<\/h4>\n\n\n\n<h4 class=\"wp-block-heading\">11. Good faith<\/h4>\n\n\n\n<h4 class=\"wp-block-heading\">12. <a href=\"?p=3478\">Contract interpretation<\/a><strong><br>\n<\/strong><\/h4>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-page pdfprnt-bottom-left\"><a href=\"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fpages%2F224&print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\" ><\/a><a href=\"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fpages%2F224&print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\" ><img decoding=\"async\" src=\"https:\/\/lawlec.korea.ac.kr\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>1. Formation of contract 2. Defects of consent 3. Nullity 4. Performance 5. Breach 6. Remedies 7. Discharge by frustration, force majeure 8. Power of attorney 9. Assignment 10. Third parties 11. Good faith 12. Contract interpretation<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-224","page","type-page","status-publish","h-entry","hentry","h-as-page"],"_links":{"self":[{"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=\/wp\/v2\/pages\/224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=224"}],"version-history":[{"count":4,"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=\/wp\/v2\/pages\/224\/revisions"}],"predecessor-version":[{"id":4230,"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=\/wp\/v2\/pages\/224\/revisions\/4230"}],"wp:attachment":[{"href":"https:\/\/lawlec.korea.ac.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}