LAW OF CONTRACT- EXAMINABLE AREAS

For a contract to be valid there must be present all the main elements of a contract. However the contract will lose its binding nature if there are present negative elements which takes away the free consent of the parties. Sometimes the contracts are void and in other situation the contract becomes voidable. Explain, illustrating your answer with the relevant cases the difference between void and voidable contracts.
25 MARKS

The parties to a contract are bound by the terms and conditions as mentioned in the contract itself. However in some situations the parties may want to limit their liability in including in the contracts terms such as exclusion clauses. What do you understand by the term exclusion clause? Illustrate your answer with cases.

25 MARKS