Contracts
4573 words 9 pages

for Lon L Fuller and Melvin Aron Eisenberg (American Casebook Series) 5th edition. A K is a promise or a set of promises for the breach of which the law gives a remedy Except as otherwise provided, the formation of a K requires a bargain in which there isa consideration To constitute consideration, a performance […]

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Contract Contract Law Principles
Insurance contract law
972 words 2 pages

Introduction The stringency of the doctrine of utmost good faith in English insurance law, though well known has nevertheless attracted a great deal of criticism. It makes it mandatory for the insured, prior to the formation of the contract, to disclose to the insurer without any omission such facts as are either known or should […]

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Contract Contract Law Insurance Underwriting
Grocery Inc. Narrative
1236 words 3 pages

It has been known for major companies to be in the light of the court for breach of contract. Depending on the stipulation of the contract most companies end up losing, but it is solely based on what the contract states. For example, in the matter of Grocery v. Masterpiece, (Specific performance, 2008) as a […]

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Contract Contract Law Narrative Principles
Contract Law – Intention to Oontract
2436 words 5 pages

Contract Law 1 Intention to Create Legal Relations In order for a contract to be valid there must be intention to create legal relations. Enright notes ‘the requirement of intention to create legal relations is a final doorkeeper in contract. It determines which agreements supported by consideration shall be covered by contract law and which […]

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Contract Contract Law Justice Principles
Grocery Inc.
723 words 2 pages

Grocery, Inc. Paper It has been known for major companies to be in the light of the court for breach of contract. Depending on the stipulation of the contract most companies end up losing, but it is solely based on what the contract states. For example, in the matter of Grocery v. Masterpiece, (Specific performance, […]

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Breach Of Contract Business Business Operations Business Plans Buying Homes Contract Contract Law Law Principles Real Estate
Summary of Dillon vs. Champion Trial
1042 words 3 pages

Background Linda Dillon has sued Champion after she was encouraged to take a more challenging position within the company and was then fired for not meeting expectations. She claimed that she was told that it would take several months to get up to speed and that Champion would give her extensive training. Instead, she was […]

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Business Business Operations Business Plans Contract Contract Law Employment Government Human Resources Law Marketing Procurement Society Termination Of Employment Work
The Federal National Mortgage Association
3514 words 7 pages

The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government sponsored enterprise (GSE), but founded in 1938 during the Depression. Contrary to some beliefs, Fannie Mae does not make home loans directly to consumers, but rather functions as an intermediary […]

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Contract Law Mortgage Loan Nationalism Personal finance
Contract Law and Precedent
1491 words 3 pages

In the proposed scenario there are many factors which potentially affect whether an actual contract would exist. These include the distinction between an invitation to treat and an offer, the application of the postal rule and the circumstances when revocation may or may not be appropriate. There are also relevant case precedents that can be […]

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Contract Contract Law Law Offer And Acceptance
How effectively do you think those ‘piecemeal solutions’
4063 words 8 pages

When surveying Europe’s legal landscape, English law’s refusal to incorporate a general duty of good faith identifies it as somewhat of an oasis, standing in stark contrast to those around it. Yet in examining the net result of those ‘piecemeal solutions’ used in its place, is it truly so adrift? If, after all, these present […]

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APA Business Business Operations Business Plans Careers Common Law Contract Contract Law Contractual Term Government Job Search Law Marketing Procurement
Contract law Report
2412 words 5 pages

In the common law to speak of the outcome of consenting minds or, even more mystically of consensus ad idem is to mislead by adopting an alien approach to the problem of agreement. The function of an English judge is not to seek to satisfy some elusive mental element but to ensure, as far as […]

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Contract Contract Law Law Offer And Acceptance
Business Law Practice Questions
2506 words 5 pages

1. Able entered into an oral contract with Baker for the sale of Able’s car for $5,000. Later Baker breached that contract. Able wants to sue to enforce the contract. Under the Statute of Frauds, who is the “party to be charged” in this case? a. Able. b. Baker. c. Both Able and Baker. d. […]

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Business Business Law Contract Contract Law Law
Offer and Acceptance Case
1464 words 3 pages

First of all, it is essential to specify whether the message conveyed is an invitation to treat or an offer. According to Marson (2011) an offer ought to be a clarification of the terms that the other party must follow. In this case, Jock offers to sell 100 turkeys in exchange for £800 in cash […]

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Acceptance Contract Contract Law Offer And Acceptance
Contract Law: Fulfilling the Reasonable Expectations of Honest Men
1018 words 2 pages

“I have no radical proposals for the wholesale review of the doctrine of consideration. I am not persuaded that it is necessary. And great legal challenges should only be embarked upon when they are truly necessary. … On balance it seems to me that in modern practice the restrictive influence of consideration has markedly receded […]

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Contract Contract Law Law Precedent
Contract Law Analysis Narrative
1238 words 3 pages

The law of contract achieves a fair and reasonable balance in resolving disputes between those who break their contractual promises and those injured by those breaches.Contracts occur in our day-to-day life activities. It is very important, both in the business world and our everyday life. Businesses make multi-million pound deals, buying and selling. Our every […]

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Breach Of Contract Contract Contract Law Damages
Contract Law
1649 words 4 pages

The nature of terms can be determined as a subject of any contract, which is to be set out. A term allows two parties having a binding obligation,. This allows them to perform a contract. The distinction between terms and representations can be stated as two different issues. This is because a term is an […]

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Business Law Common Law Contract Contract Law
Contracts Outline
10845 words 21 pages

Contract Remedies What is a contract? – promise or set of promises, for breach of which the law gives a remedy or the performance of which the law recognizes as a duty. Types of contracts- a. express: formed by language, oral or written b. implied: formed by manifestations of assent other than oral or written language; […]

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Contract Contract Law Offer And Acceptance
Contract Law Analysis Persuasive
927 words 2 pages

Contract A contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; “capacity,” or being of legal age and sound competence; “mutual assent,” or agreement on the terms of a contract; and “consideration,” or […]

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Contract Contract Law Justice Law
Law Assignment
971 words 2 pages

Q1- Shambu Dayal started ‘self service’ system in his store. Smt. Prakash entered the store took a basket and after taking articles of her pick into the basket reached the teller for payments. The teller refuses to accept the monetary value. Can Shambu Dayal be compelled to sell the articles to Smt. Prakash? Decide. Answer […]

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Business Business Operations Business Plans Common Law Contract Contract Law Law
Law Of Contract
1557 words 3 pages

contract but do not appear to be a relevant issue here. While it is possible for offers to be “made to the world”1, K’s advertisement is an “invitation to treat”  It cannot be construed as an offer as it shows no intention on K’s part to be bound to its terms, in contrast to the […]

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Contract Contract Law Principles
Contract Law Analysis
2433 words 5 pages

Both the parties in the question have come to a problematic situation which is complicated to resolve. Friend’s of the Forest (Friends), represented by Christabel, is involved in a commercial trade with Paper Supplies Pty Ltd (Paper) which is represented by Dee. A contract needs four essential elements to exist. In the situation, it is […]

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Breach Of Contract Common Law Contract Contract Law
Mutual Mistakes in Contract Law
479 words 1 page

In contractual law, a mutual mistake is: “Where a mistake of both parties at the time of contract was made as to a basic assumption on which the contract was made has a material effect on the agreed exchange of performances, the contract is voidable by the adversely affected party unless he bears the risk […]

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Common Law Contract Contract Law Law
Law Assignment – Contract Law; Restrictive Covenant, Acceptance of Goods
1104 words 3 pages

Part A The main issues are whether or not the court would consider that the restrictive covenant in issue is void for contrary to public policy. The relevant legal principles are: A covenant must be no wider than is necessary to protect the legitimate interest of the employer. Attempting to stifle competition is impermissible and […]

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Contract Contract Law Offer And Acceptance

Popular Questions About Contract Law

What is a contract in law?
Definition. An agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
What is an example of contract law?
Example: John promises to paint Dan's car in return for Dan's promise to pay him $100. Implied Contract: The conduct of the parties indicates that they consented to be bound. Example: Toni fills her car with gas at Tina's gas station. There is a contract for the purchase and sale of gas.
What is contract law and why is it important?
The primary purpose of contract law, he contends, is to enforce the agreement of the parties. For there to be a contract, substantial agreement must exist and the parties must have freely intended to be legally bound. In interpreting contracts, courts are primarily try- ing to carry out the intent of the parties.