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. From buying a car to being employed, contracts govern all areas of life. That means that any contract that is made legally, which will be discussed.
Essay: Contract law – problem question example
Contract - Wikipedia
Please join StudyMode to read the full document. Offer a Offer Defined - The objective test Offer: an expression of willingness to contract on specified terms, made with the intention that it is to become binding as soon as it is accepted by the person to whom it s addressed. An apparent intention to be bound may suffice. The alleged offeror may be bound if: words or conduct induce a reasonable person to believe that he intends to be bound, even if he has no such intention.
This page of the essay has words. Download the full version above. To reach a conclusion regarding this case, and advise Martina, it is necessary to examine the following legal questions:. From legal perspective, there are a few legal principles that have to be considered to determine whether there is a breach of contract between two parties. Under the breach of contract, the injured party first has to establish a ground that there has been a breach of contract.
LAW A contract is a legally binding or valid agreement between two parties. The law will consider a contract to be valid if the agreement contains all of the following elements: offer and acceptance; an intention between the parties to create binding relations; consideration to be paid for the promise made; legal capacity of the parties to act; genuine consent of the parties; and legality. Introduction Morality and contract law look like two separate concepts, however, if we consider deeply, we will discover the relationship between them.