Contract, Tort and Insurance Law

Aim

On completion of the course, the student should be able to - account for contract, tort and insurance law and be able to discuss the roles of said legal fields in a market economy. identify, analyse and solve practical issues in the field of contract law.

Content

In a market economy, contract law plays an important role. Through each individual's freedom to enter into an agreement with whomever one wants and with the contents on which the parties have agreed, it is possible to achieve an efficient exchange of goods and services for money, i.e. create a well functioning market for goods, capital and manpower. The course includes more in-depth studies of how agreements comes about and the studies of the parties' rights and obligations according to important contract types in commercial and business law are broadened. The contract types that are covered are mainly purchase of services of different kinds, transport agreements and financing agreements such as hire purchase, loan, factoring and leasing. The course also covers rules concerning different intermediaries, such as proxy, agents and commissioners. The function of the agreement to create well functioned markets fail if agreements were binding even when they have not been entered into voluntarily or when the parties are very unequal concerning information basis, mental ability, etcetera. The course includes studies of in which conditions an agreement is invalid and where the line is between (in terms of criminal law) allowed and prohibited behaviour in contractual relationships. Finally, rules that intend to strengthen the consumers' position as borrowers are studied. The law of damages above all concerns the damages law and product liability law with these regulations on indemnity liability outside contractual relationships. The rules concerning damages in contractual relationships are covered in connection with the studies of the specific contract types according to the above. Insurance law is only studied at a general level.