Category: Contract Law

Issues It is seen in this case study that Adam has reneged on his offer to sell his motor car for £1000, made to the world at large through public advertisement. The main issues are (i) whether Adam was legally correct in refusing both the offers made by Ben and Carol (2) in the event…

The law of contracts holds that a contract is a legally binding agreement. The agreement entails rights and responsibilities which are legally enforceable, and for it to exist, certain elements must be present. Sometimes, there are disagreements between parties on whether a contract was formed or not as was the case between Stan, a car…

Facts: On March 3, when the plaintiff was asked by the defenders to enlarge the operations, the plaintiff disagreed alleging that it could incur expenses if at all it wanted to accommodate the defendant’s plan of which it was not ready. The defendants promised the plaintiff to help it negotiate with the other Lammert tenants…

Table of Contents Introduction The Parties of the Agreement and Its Subject Matter The Elements of a Binding Contract Remedies Available to Both Sides Conclusion References Introduction There are several elements that are important for analyzing any legal agreement. Firstly, much attention should be paid to the rights and responsibilities of each side. Secondly, it…

There are five salient elements of a contract. The elements are a requisite for a contract to be enforced. Failure to prove any of the elements renders the contract voidable, thus it cannot be enforced. Acceptance is one of the elements that validate a contract. Secondly, consensus ad idem is required to make a contract…

Table of Contents Introduction How to Break a Contract? Conclusion References Introduction The contract can be perceived as a bond between two parties that is based on reciprocal agreements and is expected to be followed by the parties involved in it. Nonetheless, there may occur situations when the underlying concepts of a contract can be…

Table of Contents Introduction General Interpretation of contracts Reasonableness and Fairness Unforeseen Circumstances Estoppel and Waiver Conclusion References Introduction Performance of the contract is defined as the discharge of parties from the obligations they assume during the formation of the contract. Performance of the contract has numerous types. It may be part performance or substantial…

Table of Contents Introduction Elements of a Legal Contract Scenario Analysis Supporting Facts Conclusion References Introduction The law of contract is a fundamental concept enabling the freedom of individuals in the civilian society to help them structure the mutual relations in various legislative aspects regarding one’s goals, preferences, and motives. The contract law establishes the…

According to Popow, there are three bases for legal liability, which are tort, terms of a contract, or a statute/law. To be more exact, three types of liability exist and are distinguished by their bases: Tort liability Explanation Tort liability presupposes the responsibility for doing any kind of harm to a person. As a rule,…

Table of Contents When an Offer ceases to be Effective The case of Ali Conditions, Warranties and Innominate terms Conditions and Warranties Innominate Terms The Case of Angela References Having knowledge of contract law is quite significant for everyday life as people are prone to enter into contracts more often than not. This report examines…