CONTRACT PORTFOLIO PART 1 Tutorial 1 – Privity 1) Examine the Privity rule and its relationship with the rules on consideration. Privity is where someone not a party to a contract can be liable under neither it nor benefit from it. There has to be a promise from the party also some consideration. It is stated in the book 19th Century according to Richards that privity’s modern authority has been through the case of Dunlop v Lambert. In Dunlop v Selfridge[1] where there was a contract between
Premium Contract Misrepresentation Contract law
identified Gracey Warner‚ Age 15 years‚ of 1356 Aubrey Rd. Beverly Hills and Meher Ali‚ Age 14 years‚ of ‚ 12 Old Madras Road‚ Bangalore as leading actresses of the series. You have been made in charge for recruiting the actresses. Give a detailed report to the chairman of the production house about what all you kept in mind while signing the actresses. What were the problems you faced and how you managed to sort it and ensure the protection of the contractual rights of the production house?
Premium Contract Breach of contract Common law
Introduction Law comes to taken effect when a contract is formed between parties such as consumer and company or business to business or between family and or friends. In this report we will analyze the seven criteria for a contract to be effective in Singapore which will help to protect the interests of the innocent parties and to ensure justice will be accorded to the parties not adhering to rules. 1. Offer Offer is a definite agreement made with intention to be bound when offer is fully
Premium Contract Contract law
1.1.1 Both Option 1.1.2 Sellers Option 1.1.3 Compulsory delivery Submission of delivery intentions 2.1.1 Intention from Seller 2.1.2 Intention from Buyer Mode of giving intentions Dissemination of intention Delivery Marking/Matching Delivery Based Report to Members Delivery Based Margins 2.6.1 Tender Period Margin 2.6.2 Delivery Period Margin Page No. 4 4 2.1 6 2.2 2.3 2.4 2.5 2.6 6 7 7 7 7 2.7 Settlement Schedule and Settlement Calendar 8 3 Pay in and Pay out of Funds and
Premium Option contract Contract law Contract
with consideration‚ then he would be able to enforce such promise under the law. How do we ascertain the existence of consideration? Various academics and judges had tried to give us a definition for the doctrine of consideration. However‚ there is only 2 person that really standout i.e. Lush LJ as well as Prof. Atiyah. Lush LJ in Currie v Misa (1875): " A valuable consideration in the eyes of the law may consist either in some right‚ interest‚ profit or benefit accruing to
Premium Contract Consideration Contract law
offeror’s actual meaning was otherwise. * Definition: indication by one person to another of his or her willingness to enter into a contract with that person on certain terms. The ‘offer’ must indicate a willingness by the offeror to be bound without further negotiation as to the terms of the proposed contract. * Offer creates in the offeree a power to create a contract by their unilateral action. * Whether a statement is an offer depends on whether the person to whom it is addressed would reasonably
Premium Contract
(1988). Construction Law: Principles and Practice. United State of America: McGraw-Hill. IBS‚ G. S. (2013). Goldsmith International Business School. Retrieved MAY 12‚ 2013‚ from http://www.goldsmithibs.com/resources/free/Breach-of-Contract/notes/Breach-of-ContractRemedies.pdf NOLO. (2013). TYpes of Contract Breach. Retrieved May 10‚ 2013‚ from LawFirm.com: http://www.lawfirms.com/resources/business/types-contract-breaches.htm Oxford University Press. (2009). Oxford‚ Dictionary of Law. United States: Market
Premium Breach of contract Contract Contract law
Business Law David Kelly‚ Ann Holmes‚ Ruth Hayward 5th Ed CHAPTER 6 CONTENTS OF A CONTRACT This chapter will consider what the parties have actually agreed to do. What they have agreed to do form the terms of the contract. 6.1 CONTRACT TERMS AND MERE REPRESENTATIONS As the parties will normally be bound to perform any promise that they have contracted to undertake‚ it is important to decide precisely what promises are included in the contract. Some statements do not form part of
Premium Contract Contract law Contractual term
constitutes an express warranty or mere “puffing”? Under the UCC‚ express warranties arise when a seller or lessor indicates any of the following: an affirmation or promise of fact‚ a description of the goods‚ or a sample shown as conforming to the contract of goods. Express warranties are created with only statements of fact‚ whereas statements that relates to the supposed value or worth of the goods‚ or statements of opinion or recommendations of the goods are considered “puffery” and no warranty
Premium Contract law Marketing Contract
not primary beneficiaries and “ordinary negligence is insufficient for liability to third party because of lack of privity of contract between the third party and the auditor‚ unless the third party is primary beneficiary” (Arens et. 2012). As a result of this case‚ Common Law states that certified public accountants (CPAs) are now liable to third parties and named this law ‘Ultramares Doctrine’. Third parties consist of stockholders (current and future)‚ bankers‚ vendors‚ customers‚ employees and
Premium Balance sheet Tort Misrepresentation