Contract law A contract is an agreement between two or more parties‚ with the intention of creating a legal obligation‚ which may have elements in writing. And it can be made orally.This agreement creates a legal relationship of rights and duties on the parties and if these obligations in the agreement are not fulfilled then serious action could be taken by the courts on the party. There are three key elements for the conception of a contract. These are offer‚ acceptance‚ consideration and an intention
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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
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relations are blurred the litigants. Evaluate the above statement. Intention to create legal relations is part of elements in contract (“Intention”‚ n.d.). Intention to create legal relations is defined as an intention to enter a legally binding agreement or contract (“Intention”‚ n.d.). Intention to create legal relations is one of the necessary elements in formation of a contract. This is because intention to create legal relations consists of readiness of a party to accept the legal sequences of
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Chapter 7 the terms of the contract 1. When contract is made orally‚ not all oral statement will amount to a term some are just ‘mere puffs’. These statements will never provide any form of remedy. 2. Mere puff只是单纯的吹嘘，是一种statement of opinion‚ 不构成任何的representation或term 3. 三种不同的terms：conditions‚ warranties‚ and innominate terms * CONDITIONS: important terms form the main structure of the contract. If breach‚ repudiate the contract and claim the damage * WARRANTIES: minor terms ancillary(辅助)
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Grade: A University of London LLB‚ 2nd year Tort Law Question Amber Valley Primary School was closed 6 months ago by Amber Borough Council (ABC)‚ the local education authority‚ which owns all the land and buildings. The school has been standing empty while ABC attempts to find a buyer for the site. Although ABC placed fencing around the site‚ local residents reported that youths had broken into the site on a number of occasions. Last week a group of youths from a nearby young offenders
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Phoenix 2008 The Role of Law Law is a system or collection of “principles and regulations established in a community by some authority and applicable to its people.” (Dictionary.com) In the past‚ people viewed law as an unchanging factor that was a part of the natural order of life. Today‚ most lawmakers view law as a flexible instrument that can be used to accomplish a chosen purpose. “One strength of this instrumentalist attitude is its willingness to adapt the law to further the social good
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defines “sale” as a contract whereby one of the contracting parties (Seller) obligates himself to transfer the ownership‚ and to deliver the possession‚ of a determinate thing; and the other party (Buyer) obligates himself to pay therefor a price certain in money or its equivalent.1 The Roman Law concept embodied in the old Civil Code2 that treated delivery of tangible property as the sole purpose of sale has been modified under the present Article 1458‚ which applies the common law concept of requiring
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Business Law 304 Case Study case brief---Gregory‚ a comedy writer‚ entered into a contract with Wessel‚ a comedian. The contract provided that Gregory would provide Wessel with a 15 minute monologue for his upcoming appearance on the comedy hour and Wessel will pay $250 to Gregory. All performers could make $500 per appearance on the comedy hour. and when Wessel was scheduled to aper on the comedy hour‚ Gregory informed him that he was unable to provide the monologue‚ because last time Wessel
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is about how to create and implement a contract of employment for the Pentacom Internet Solutions LLP (PISL). First of all‚ the concept of employment would be discussed. Then‚ the importance of employment status in policy and the key elements of employment status would be developed in details. Moreover‚ it would reflect the standpoint of the court to determine the relationship of employment. The remedy for implementation and distribution of the new contract would be shown. Finally‚ there would be
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Usury laws are set to cap the interest rates on loans. Elizabeth Warren argues that we should we should return to using these laws. Both Consequentialism and the social contract theory can provide similar viewpoints on this issue. Each one provides strengths and weaknesses in regards to these laws. Usury laws are regulations governing the amount of interest that can be charged on a loan. They specifically target the practice of charging excessively high rates on loans by setting caps on the maximum
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