CONTRACT OF LAW Contract can be defined as ‘an agreement enforceable by law’. In other words‚ a contract is an agreement made between two(2) parties or more which is legally binding between the parties. There are six (6) basic elements in the contract : 1. Offer refers to a proposal that is capable of being converted into an agreement by its acceptance. Section 2(a) of Contract Act 1950 provides that when a person signifies another his willingness to do or to abstain from doing anything‚ with
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statutory redundancy. The Employment Rights Act (ERA) of 1996 defines an employee as “an individual who has entered or works under (or‚ where the employment has ceased‚ worked under). The ERA defines ‘contract of employment’ as “a contract of service or apprenticeship‚ whether express or implied‚ and (if expressed) orally or in writing. The variance between the two is Contracts of Service and Contracts for Service. To begin with‚ the difference a Contract of Service is‚ where an employer and an
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Introduction: Rules of Offer and Acceptance are applied to enforce an agreement by the law. This agreement is the first requisite of any contract of the business. In order to a contract come into being between parties‚ the offer is made by the offeror and the oferee accept that offer. In 21st century‚ there are rapid changes in business trend which create lots of new business model such as e-business and global business. The more business participates‚ the more requirements of Offer and Acceptance Rules
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2013 The “Booms” of the 1950s After the war during the 1950s many aspects of life started to “boom”. The booming economy‚ booming suburban life‚ and the “baby boom” all occurred. After World War II ended‚ people had positive attitudes about life and wanted to have many children and create the perfect family. People believed their lives would now be prosperous and filled with happiness. Unemployment was low and the middle-class had money to spend. In the beginning of the 1950s everything seemed to
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The 1950’s was a time where war soldiers were coming home and were given the opportunity to go back to their families and begin a new life or create one; the war was over. There were new opportunities arising‚ and suburbs were becoming the norm. Racial segregation was coming to an end‚ we added two new states to the United States of America‚ and families were beginning to have babies left and right. Music started to change with Rock n’ Roll‚ clothing and fashion was changing‚ inventions were being
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GENERAL PRINCIPLES OF THE LAW OF CONTRACT INTRODUCTION Definition S.2(h) Contract Act 1950 : An agreement enforceable by law. Legally binding between parties. 2 INTRODUCTION (continue..) (a) (b) Legislation governing contracts: Contracts Act 1950 English Law - By virtue of S.5 of the Civil Law Act (When there are no provisions in the Contract Act) 3 INTRODUCTION (continue..) 4 OFFER / PROPOSAL Definition S. 2(a) Contracts Act “When one person signifies
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AfTo what extent does the affluence of the 1950s account for the Conservative election victories of 1955 and 1959? Hannah van Teutem. The affluence of Britain in the 1950s was a large reason as to why the Conservative Party gained victory in both the 1955 and 1959 election. Nevertheless‚ there were other factors which also had an impact on the success of the party. For example‚ there were the different issues with the weaknesses and the strengths of the Conservative party. Following this‚ there
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1.Offer 1. Offer means a proposal by a person in which he makes his willingness to enter into a legally binding contract for some conside¬ration. 2. An offer is made with the object of getting consent of the offeree. 3. An offer can be accepted by the offeree. 4. An offer when accepted becomes an agreement. Invitation to Offer 1. An Invitation to offer means an intention of a person to invite others with a view to enter into an agreement. 2. An invitation to offer on the other hand is made
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How is an offer terminated? Please provide examples and case law in order to support your answer. How is an offer terminated? Offer is one of the essential elements of a contract‚ which is a legally binding agreement made between two or more parties‚ other essential elements include Acceptance‚ Consideration‚ intention and Capacity. In the absence of any of these elements the contract will be void. An offer is a definite promise or proposal to be bound on specific terms and it has to be
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discuss. In Contracts‚ What is "Consideration"? In order for any contract to be enforceable‚ courts generally require three things: mutual assent (agreement to the contract terms)‚ a valid offer and acceptance‚ and consideration. Consideration in law is one of the three main building blocks of a contract. It can be anything of value‚ which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party offers consideration in contract‚ the agreement
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