formation of a valid contract-explain (P1.1) A contract will be enforceable if it can satisfy some basic conditions. These type conditions are known as elements of essential for a valid contract. Every legal contract satisfies these conditions. Without satisfying these conditions a contract can’t be acceptable. That’s why for the formation of a legal contract satisfying the essential elements is very important. The importance of the essential elements to be a good agreement is described below:
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ASSIGNMENT THE THEORY OF CONTRACTS MEMBERS MOHD AMINUL HAKIM BIN HANI SALMAN 1124539 AHMAD ZUBAIDI BIN MAHMUD 1127783 AHMAD SYAHIR BIN MOHD ZAKARIA 1123419 SITI SHARINA BINTI SEMAN 1120902 NURHANI BINTI ABDUL RAHMAN 1118618 NURASHIKIN BINTI MOHD PILUS 1125834 INTRODUCTION Basically‚ human beings are dependent with each other to fulfil their needs and wants. We need to interact‚ communicate‚ trade and collaborate with others. Specifically ‘aqd or contract means a connection
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THE LAW ON SALES OF GOODS 9 Contracts Concerning Land 10 PRIVITY AND THE LAW ON HIRE PURCHASE 10 QUESTION 2 11 Analysis of the case to establish formation of contract 12 Was Mike obligated to sell furniture to Nilam 13 Nilma’s Rights and remedies against Mike 13 Remedies 14 1. Rescission of Contract: 14 2. Suit for Damages 14 Specific performance 16 Compensation for loss of profit 16 REFERENCE 17 QUESTION -1 The Doctrine of Privity A contract is an agreement between two or more parties
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neighboring lords they voluntarily signed to became a tenant known as Manorial Agreements. As a tenant the life of such peasant belonged to the lord he had signed to. Peasants were not slaves because they were not sold and were entitled to hold property. Women could not make contracts by themselves‚ but if they were married it depended on their husband and could also inherit tenants. Peasants under the Manorial Agreements also had to cope Manorial burdens which could be simple or complex. Some of the
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LAW OF CONTRACT Thursday 9:00 Summer Term‚ 2014 Lecturer and Module Co-ordinator: John Halladay Texts: Poole‚ Textbook on Contract Law McKendrick‚ Contract Law Casebook: Both Poole and McKendrick have casebooks which are very good. There are also many others on the market. Statute book: There are not many statutes in the course but there are some and this will be useful for the exam. Any Contract or Commercial Law statute book should do. A. WHY CONTRACT? A
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Payment‚ similar to consideration‚ is one of the four elements of a contract. Consideration is something of value in a contract or agreement between two parties. Both parties must be providing something of value to the other party. It is an act or promise to do (or not to do) something in return for value and the value given is enforceable. All the law need is ‘valuable consideration ’. For example‚ if Jack has offered to pay S$10 for a hammer worth S$100‚ that is considered valuable consideration
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FEE PROTECTION AGREEMENT Reference : Number :……(number of letter)…… Initial Participation :….(value of fund)…./ (…%) Intermediaries Fee :…..(value of percentage above)…. Client Company :…..(name of user’s company)…. Client Name :…..(name of user)… Reference Code :…….. Agreement Date :…….. Recital : Whereas …..(intermediary’s name)….‚KTP number…..‚ as agent for Mr….(name of user) the participant and beneficiary of the above of the reference contract has negotiated
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09811599587 THE INDIAN CONTRACT ACT‚ 1872 CHAPTER 1- NATURE OF CONTRACT The law of contract is that branch of law which determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties. Indian Contract Act‚ 1872 came into
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MIGHT CHANGE IN MODERN POLITICS BE JUSTIFIED BY THE SOCIAL CONTRACT? DISCUSS WITH REFERENCE TO THINKERS EXAMINED IN THIS UNIT Modern politics governments differ from state to state based on their constitutions. The origins of some of these constitutions are somewhat unclear and my essay will attempt to shed light on what foundations they might have been built. I will give Thomas Hobbes definition of man in the ‘the state of nature’ and the transformation from this state to society‚ with differing
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Contract Creation and Manage Law 531 Contract Creation and Management After completion of the Contract Creation and Management simulation the following legal issues were noted. There were problems with this contract from the beginning because the specifics of the contract were ambiguous from the start. The companies involved developed a contractual relationship by evidence of an offer‚ acceptance of the offer and valid and legal consideration‚ which in this case is money for services rendered
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