CONTRACT LAW – LECTURE 4 Promissory estoppel Is about the enforceability of all alteration promises (promises to pay more and promises to accept less) and by contrast estoppels does not apply to promises about the formation of initial contracts Ex. If a creditor promises to accept a smaller sum in full settlement intending the debtor to rely on that promise‚ and the debtor does rely on it‚ the debtor may have a defence of promissory estoppels when sued for the balance by the creditor. The promise
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B. Explain to Max‚ Belle and Kate the legal effect of common law and the Companies Act 1965 on pre-incorporation contracts. Pre-corporation contract is one which is entered into when the Company is in the process of being incorporated but is not yet completed it. At common law such contracts were held to be void‚ as the company is not yet in existence. - Newborne v Sensolid Ltd. In the common law effect‚ Pre-incorporation contracts cannot‚ in theory‚ be made by the company or by its promoter
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English common law and the rules of equity from part of the law of Malaysia. I was reading about some of the extent of the application of the English common law as applied in Malaysia. Any opinioins with sources? First of all as i know we are following UK ’s english common law and other bits and pieces i read around google. As i read from wiki i found out that theres very minimal information on this topic. Could anybody practicing law help me with this? I am actually researching thing for
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and the common law at a substantive level Since the administrative fusion of the Common Law and Equity Courts after the 1873 and 1875 Acts‚ there has been a lot of controversy over whether to fuse both equity and common law. There are valid arguments both for and against fusion. Those arguing for the fusion of Equity and Common Law at a substantive level often comment on the inconsistency created by equity’s intervention in law. ‘There would sometimes be arbitrary gaps in the common law‚ that is
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land at the time‚ but rather whether it is of a nature and at a height which may interfere with any ordinary uses of the land which the occupier may see fit to undertake” (LJP Investments v Howard Chia Investments (1989). Concept of Land •The common law meaning of the land is any area‚ of three dimensional space‚ with its position identified by natural or imaginary points located by reference to the earth’s surface: Ball‚ “The Jural Nature of Land” (1928) 23 ill LR 45 •It may be wholly above it
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BUSINESS LAW ESSAY PLAN ➢ Acceptance must be communicated to be effective. ➢ Where the parties contemplate acceptance by mail‚ acceptance will be complete as soon as the letter is properly posted. Postal rule definition ➢ Actual communication versus constructive communication ➢ Actual acceptance (real) versus constructive acceptance (postal rule) (Graw p.89) ➢ Contract is an agreement which the law enforces. ➢ Contract law is the basis of business law ➢ Two main sources:
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March 2001 Agency Law and Contract Formation ISSN 1045-6333 AGENCY LAW AND CONTRACT FORMATION Eric Rasmusen Discussion Paper No. 323 05/2001 Harvard Law School Cambridge‚ MA 02138 The Center for Law‚ Economics‚ and Business is supported by a grant from the John M. Olin Foundation. This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ March 2001 Agency Law and Contract Formation
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Evolution of Law The government our nation has established today has come a long way from its roots. Starting with the Napoleonic Code and eventually ending with the Ratified Constitution of the United States. Rome came to England bringing the Roman Code‚ thus law begins. The Roman Code was a rigid code that in reality did not change much. It required ample detail and was difficult to understand at times. For example‚ if there where five different murders all using five different colored knives
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A tort is a civil wrong that is outside of contract law and arises out of recognition that a person is responsible for their acts and omissions when dealing with others. The term ’tort’ refers to a number of different laws such as: • nuisance‚ • trespass and • assault Torts generally compensate the individual for personal loss or attacks on reputation‚ where the loss was caused by another person. Tort has as its basis common law. Negligence is now the dominant tort and the focus
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African Consolidated Resources Plc and Others Minister of Mines and Mining Development and Others (HC 6411/07) [2010] ZWHHC 86 (6 September 2010) Download original filesPDF format RTF format | | Bookmark/share this page | [Context] [Hide Context] HH 205-2010 HC 6411/07 IN THE HIGH COURT OF ZIMBABWE HELD AT HARARE In the matter between:- AFRICAN CONSOLIDATED RESOURCES Plc and DASHALOO INVESTMENTS (PVT) LTD and POSSESSION INVESTMENTS (PVT) LTD and HEAVY STUFF INVESTMENTS
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