Law of Property Act 1925: Primary legislation governing property transactions in England and Wales, particularly regarding formalities for contracts relating to land/property and requirements for written agreements
Common Law Contract Principles: Fundamental principles of contract formation, including offer, acceptance, consideration, and intention to create legal relations
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, relevant if the deposit is held by a third party
Consumer Rights Act 2015: Legislation protecting consumer rights, applicable if one party is acting as a consumer rather than in business capacity
Financial Services and Markets Act 2000: Regulatory framework for financial services, relevant if the deposit is held by a regulated entity
Money Laundering Regulations 2017: Requirements for identity verification and source of funds verification in financial transactions
Deposit Protection Rules: Common law principles governing how deposits must be protected and handled
Forfeiture Principles: Legal principles governing when and how deposits may be forfeited in case of breach
Doctrine of Penalties: Common law principle determining whether a deposit amount constitutes a penalty rather than a genuine pre-estimate of loss
Principles of Restitution: Legal framework governing the return of deposits and prevention of unjust enrichment
