Ba Law

ntroduction to Business Law- Assignment 1B Advise tender loving headache Ltd. as to any(prenominal) possible action they may have for trick against get along Ltd. ____________________________________________________________ _________ Treitel in The Law of Contract (2003) defines a extort as: An proportionateness give rise to obligations which atomic number 18 enforced or recognised by law. The factor which distinguishes hackual from other intelligent obligations is that they are based on the agreement of the contracting parties. This adduce illustrates the basic criteria for a contract. A contract is a legitimately binding agreement between dickens or much parties, it can be written or oral. There is no mention of a written contract between TLC and coiffe, therefore we moldiness as magnetized coree there is an oral contract. The sheer approach to determining whether a contact has been becomed involves agreement, consideration and intention. In ord er for an agreement to comprise between parties there must be an supply that contains the equipment casualty of the contract. If the offeree accepts, they accept these terms. In this case, Answer offers the supply and installation of a new computer brass and TLC accept this offer and have the system installed for the sum of £100,000. Consideration is the price for which a ensure is brought.

Its the giving of consideration for a promise that makes breaking the promise unjust. delineate in Currie v Misa (1875) as- about right, interest, profit or benefit accruing to single party, or near forbearance, detri ment, loss or responsibility given, suffered! or undertaken by other. There must also be intension to seduce a contract. In commercial situations such(prenominal) as this the intent to create a contract is presumed. In Edwards v Skyways Ltd (1964)- the defendant was promised on being made redundant, and withdrawing his gift contributions, the company would give him an ex gratia (given out of grace- accepting no liability) payment of the same again. He withdrew his pension but did not...If you expect to get a safe essay, order it on our website: BestEssayCheap.com

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