This module aims to develop a knowledge and understanding of the English law of contract and the techniques of common law legal reasoning. A void contract is a contract that is void from the very beginning whereas a voidable contract is not void from the very beginning.2. In common law, there are 3 basic essentials to the creation of a contract: (i) agreement; (ii) contractual intention; and (iii) consideration. Which of the following is the most complete definition of a contract? "Tort" law imposes all sorts of implied rights and obligations independent of what parties may have formally agreed to. Contract law recognizes certain defenses to enforcing a contract. If you qualify for one of these defenses, you don't have to fulfill your end of the contract. What Elements Make A Contract Legally Enforceable? Indeed, the very act of bargain formation, i.e. English contract law is the body of law that regulates legally binding agreements in England and Wales.