Business Law Assignment
Business Law assignment
In early 2013, Beauty- a property developer and Stylish- their customer have a contract over a new house in the eastern sector of Singapore. The house was completed in late 2013. Stylish isn’t happy with the contract because blinds, curtains and other window coverings were not provided in the new house. In this research paper, we will advise and discuss about Stylish’s contractual rights in relation to the window coverings.
Firstly, we need to see if this contract is valid or not. A valid contract is an agreement which the law will recognize and enforce. It must have intention to create legal relations and must possess consideration. In this case, Beauty and Stylish have an agreement. They created legal relations through signing the written contract. Last but not least, the contract possesses consideration because Stylish pays Beauty for making the house. Beauty and Stylish’s contract includes four elements of a valid contract so it’s indeed a valid contract.
Stylish is upset with the contract because at one of their meetings, stylish was told that the house will include curtains, blinds and window. Several weeks later stylish agreed to purchase the house and signed a written contract. In this contract, there is a term “clause 3” said that:” The contract price of the house excludes all window coverings. The provision of curtains, blinds or other window coverings is the responsibility of the purchaser and will not be provided pursuant to this contract”. This is an express term. That mean stylish and beauty have specifically discussed and agreed upon, whether orally or in writing. If the contract is in writing, the document which embodies the contract will be regarded as complete. No evidence will be allowed by the Court to add to, vary on contradict the written terms except under certain situation. This is called the Parol Evidence Rule. Accordingly, this rule allows the parties to the contract to only follow the written agreement if there
In early 2013, Beauty- a property developer and Stylish- their customer have a contract over a new house in the eastern sector of Singapore. The house was completed in late 2013. Stylish isn’t happy with the contract because blinds, curtains and other window coverings were not provided in the new house. In this research paper, we will advise and discuss about Stylish’s contractual rights in relation to the window coverings.
Firstly, we need to see if this contract is valid or not. A valid contract is an agreement which the law will recognize and enforce. It must have intention to create legal relations and must possess consideration. In this case, Beauty and Stylish have an agreement. They created legal relations through signing the written contract. Last but not least, the contract possesses consideration because Stylish pays Beauty for making the house. Beauty and Stylish’s contract includes four elements of a valid contract so it’s indeed a valid contract.
Stylish is upset with the contract because at one of their meetings, stylish was told that the house will include curtains, blinds and window. Several weeks later stylish agreed to purchase the house and signed a written contract. In this contract, there is a term “clause 3” said that:” The contract price of the house excludes all window coverings. The provision of curtains, blinds or other window coverings is the responsibility of the purchaser and will not be provided pursuant to this contract”. This is an express term. That mean stylish and beauty have specifically discussed and agreed upon, whether orally or in writing. If the contract is in writing, the document which embodies the contract will be regarded as complete. No evidence will be allowed by the Court to add to, vary on contradict the written terms except under certain situation. This is called the Parol Evidence Rule. Accordingly, this rule allows the parties to the contract to only follow the written agreement if there