Misrepresentation Misrepresentation is a concept in contract law referring to a false statement of fact made by one party to another party‚ which has the effect of inducing that party into the contract. For example‚ under certain circumstances‚ false statements or promises made by a seller of goods regarding the quality or nature of the product that the seller has may constitute misrepresentation. A finding of misrepresentation allows for a remedy of rescission and sometimes damages depending on
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Question 1: Discuss the issues of contract law that arise. 1. The main legal issue in the case is whether the contract has been formed and Daphne is subjected to contract and obligated to pay £200 to Sonya for the TV. The law of contract regarding offer acceptance states that in order to form a contract‚ the acceptance must be unconditional (Black 2011) . Counter-offer is a response to an offer which‚ while not expressly rejecting the offer‚ seeks to qualify it by deleting some of the terms. The
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http://www.uncitral.org/uncitral/en/uncitral_texts/sale_goods/1980CISG.html 1 of 3 UNCITRAL Home Contact Us Site Map Search United Nations Commission on International Trade Law عربي Home 中文 English Français Русский Español United Nations Convention on Contracts About UNCITRAL for the International Sale of Goods (Vienna‚ 1980) (CISG) Commission Documents Working Group Documents Colloquia Materials General Assembly Resolutions & Related Documents Text - Explanatory note Status UNCITRAL
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BUSINESS LAW INDIVIDUAL ASSIGNMENT QUESTION 1A Legal Issue This aspect involves LAW/ RULE OF OFFER AND ACCEPTANCE. Discussion of the legal principles “… agreement can be resolved into an offer by one party (the offeror and an acceptance of that offer by the other the offeree. Contract is an agreement between two or more people. Discussion of the legal principles One of the parties must have made an offer The offer must have been communicated to the offeree The offer must not have been
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ACME Fireworks Recommendation Robert Morgan BUS 311 Michael Huang October 06‚ 2014 ACME Fireworks Recommendation As a company grows it may become necessary to change the businesses’ entity and the way in which it conducts business. ACME Fireworks has received inquiries from several large retailers that will enable the business to expand. In order to accommodate this expansion‚ ACME must consider hiring more employees. The owner is concerned about his personal liability should the company fall
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NATIONAL OPEN UNIVERSITY OF NIGERIA SCHOOL OF LAW COURSE CODE:-LAW 234 COURSE TITLE:-THE LAW OF CONTRACT II LAW 234 THE LAW OF CONTRACT II 8 COURSE GUIDE LAW 234 THE LAW OF CONTRACT II Course Writers/Developers G. I. Oyakhiromen Ph.D‚ BL Ayodeji Ige National Open University of Nigeria Course Editor Professor Justus A. Sokefun National Open University of Nigeria Programme Leader Course Coordinator G. I. Oyakhiromen Ph.D‚ BL National Open University of Nigeria Ayodeji Ige
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“A common mistake‚ even on a most fundamental matter‚ does not make a contract void at law; but it makes it voidable in equity.” To what extent does this statement represent the law after Great Peace Shipping Ltd. V Tsavliris‚ The Great Peace (2002)? A mistake is an erroneous belief held by one or more contracting parties at the time of entering the contract‚ as to whether certain details pertaining to the contract were true. Mistakes can be classified in three categories; common‚ mutual‚ or
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Tender of Performance | A Brief Analysis | Parijat Mishra | | Roll No. - 1282060 1st Semester‚ BBA LLB (A) Kiit School Of Law‚ Bhubaneswar Acknowledgement I‚ Parijat Mishra of BBA LLB (A)‚ 1st Semester‚ under roll number 1282060‚ am highly grateful to my teachers Mr Puranjoy Ghosh and Ms Jinia Kundu for their untiring help and encouragement during the course of my project titled "Tender Of Performance". I highly acknowledge‚ with deepest sense of gratitude and indebtedness‚ the
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Abstract “A contract is simply a legally binding agreement between parties to do or not do something.”(WebLocator‚ 2011) Many things in today’s society have terms‚ conditions‚ and disclaimers. If a person is entering into an agreement be it: new software‚ cell phone service‚ home security service‚ garbage pickup‚ a financial agreement; i.e. to purchase a house‚ a car‚ a boat‚ a new credit card‚ student loans‚ etc… all of these require a person to sign a contract‚ and all contracts have terms‚
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discharging a contract. Answer: Discharge refers to the termination of contractual relationship between the parties. The contract ceases to operate‚ i.e.‚ when the rights and obligations under the contract ends. According to Sections 73-75 of the Contracts Act‚ a contract may be discharged in several modes. Performance or tender The obvious mode of discharge of a contract is by performance‚ where the parties have done whatever was contemplated under the contract. Thus‚ where A contracts to sell his/her
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