A contract can be defined as an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enforceable in a court of law (Gibson & Fraser‚ 2012‚ Business Law‚ p303). A contract must be satisfied certain legal requirements which are agreements‚ intention to create legal relations‚ considerations and capacity. Agreement = Offer + Acceptance Therefore‚ here apply the rule
Premium Contract
1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
Premium Contract Contract law
LAWS1017 – CONTRACTS I – CASE SUMMARIES SESSION ONE – 2004 1 OFFER Gibson v Manchester City Council Carlill v Carbolic Smoke Ball Co MacRobertson Miller Airline Services v Commissioner of State Taxation Australian Woollen Mills Pty Ltd v Commonwealth Offers distinguished from Invitations to Treat Pharmaceutical Society of Great Britain v Boots Cash Chemists Ltd Revocation of an Offer Goldsborough‚ Mort & Co v Quinn Mobil Oil Australia Ltd v Wellcome International Pty Ltd ACCEPTANCE Relationship
Premium Contract
CONTRACT LAW IN GREAT BRITAIN AND THE USA Key terms and specific concepts I FORM Deeds‚ specialty contracts‚ contracts under seal (# simple contracts) Statute of Frauds 1677‚ s.4 Property Act 1925‚ s.1‚ s.40‚ s.136 ; 1989‚ s.1(3)(a)‚ s.2(1) Consumer Credit Act 1974‚ s.67‚ s.68 Uniform Commercial Code 2-201 ( 2-202 Parol Evidence Rule) Jinright v. Russell (1971) Mulford v. Borg-Wagner Acceptance Corp. (1985) II TERMS A) TERMS IMPLIED BY STATUTE Sale of Goods Act
Premium
practically and legally unfeasible to be entered into a contract every time one picks up an item from the shelf. Advertisements are presumed to be invitations to treat due to similar reasoning. The exception to this presumption can be found in Carlill v Carbolic Smoke Ball‚ where the advertisement was determined to be an offer as there was an express intention to pay money in the event of certain circumstances occurring. This exception doesn’t apply to the present case. The reasonable person would interpret
Premium Contract
Part 1 THE FORMATION OF A CONTRACT There are five basic requirements that need to be satisfied in order to make a contract: ● An agreement between the parties (which is usually shown by the fact that one has made an offer and the other has accepted it). ● An intention to be legally bound by that agreement (often called intent to create legal relations). ● Certainty as to the terms of the agreement. ● Capacity to contract. ● Consideration provided by each of the
Premium Contract Offer and acceptance
LAW OF CONTRACT NOTES INTRODUCTION. A contract is an agreement between two parties which is enforceable by law.An agreement is made when a person signifies his willingness to do or to abstain from doing anything with a view of obtaining the assent of the other party. Such act or abstinence is said to make a proposal.The person making the proposal is called the offeror and the person accepting the proposal is called the offeree TYPES OF CONTRACTS: Contracts may be classified into: -Written
Premium Contract
Chemicals in medicines Rakesh Mohan Hallen The words medicine’ and ’drug’ are often used in our country to mean the same substances: any substance‚ manufactured artificially‚ which can help recovery from sickness‚ relieve symptoms or modify a natural process in the body. A medicine is often a mixture of several chemical compounds. Even if it has only one active component compound often other substances are used as fillers or binders to give it bulk. Chemistry‚ the science related to chemical substances
Premium Antiseptic Bacteria Chemical compound
Marketing planning Task 1: Changes in the marketing perspective over the period of time In this era marketing is of great importance. In the past people and mostly organizations used to believe that marketing like any other element is a part of business which helps to increase the sales but with changing time importance of marketing was realized. Today‚ marketing has a true and vast meaning. Now marketing is basically about satisfaction of the customers. With time marketers have learnt the true
Premium Marketing
"Boots v P’ Soc " "Distinguish ITT / offer " "shop shelf - ITT [self service shelves was ITT‚ sale only made at counter by pharmacist] " "Partridge v Crittenden " "Distinguish ITT / offer " "public adverts - ITT [advertising of birds] " "Carbolic Smoke Ball Company " "Distinguish ITT / offer " "precise wording‚ offer at large possible‚ intention‚ unilateral acceptance waiving need for communication of acceptance - not ITT [wear this and you won’t catch flu] " "Hyde v Wrench " "offer
Premium Contract Tort Contract law