This page of the essay has words. Download the full version above. A contract is a legally binding or valid agreement between two parties. A contract is an agreement which will be enforced be the law. This Definition is satisfied when the following elements are present:. There must be an agreement.
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A contract is an agreement which normally consists of an 'offer ' and an 'acceptance ' and involves the 'meeting of the minds ' or consensus between two or more parties with the intention to create a legally enforceable binding contract. Therefore in this essay, the four core elements needed for the formation of a contract such as offer, acceptance, and consideration and intention to create legal relations. Law of Contract The word "Contract" means a legally binding exchange of agreement or promises between two parties which the law can enforce. Contract law is originated from the Latin phrase know as "pacta sunt servanda" means promises has to be kept. Any kind of violation of any kind of contract is fully recognized by any law of the land and the result of such violation can be provided.
Essay: Contract law – problem question example
Please join StudyMode to read the full document. Firstly, the parties have not yet reached consensus on the matter relating to ending the arrangement. Therefore, the present case can be distinguished from CBA v Dean,9 because Palma has made a qualification by introducing a new term. The email, thus, resembles a Hyde v Wrench,10 counter offer.
Fit2U provides businesses with on-site remedial massage services and PUP Fin sought to engage this service. The legal issues concern whether appropriate acceptance occurred and if so at what time did it occur, whether there was sufficient certainty, if consideration was sufficient and whether estoppel can be utilised. Fit2U requires clarification on whether they will be. Part A Question 1 Step 1: Area of Law The area of law is focused on Contract Law in regards to the formation of a contract and specifically on the element of agreement for offer and acceptance.