Ba Law

ntroduction to Business Law- Assignment 1B Advise tender loving kick Ltd. as to any(prenominal) possible action they may have for refutation against get along Ltd. ____________________________________________________________ _________ Treitel in The Law of Contract (2003) defines a sign on as: An arrangement give rise to obligations which are enforced or recognised by law. The factor which distinguishes produceual 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 devil 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 urinated involves agreement, consideration and intention. In order for an agre ement to hold out between parties there must be an pass that contains the monetary value 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 phone is brought.

Its the giving of consideration for a promise that makes breaking the promise unjust. delineate in Currie v Misa (1875) as- more or less right, interest, profit or benefit accruing to single party, or well-nigh forbearance, detriment, loss or responsibility give n, suffered or undertaken by some other. ! There must also be intension to create 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 liberal essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay