Contracts, Fall 2012, Dr. Adams Introduction Contract law is a promise or set of promises for the breach of which the law gives remedy * Sources of Contract Law & Authority (primarily state law, not federal) * Common Law -Judicial opinions * Restatements – produced by the ALI to bring clarity & consistency to CL * Statutory law- always supersedes CL; UCC only applied to the same of goods * International commercial law & the CISG- applies mainly to international
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explain three stages of Contract law, Offer, Acceptance and Revocation and how they apply to the given situation. As a marketing strategy Winder Ltd placed an advertisement in the ‘Dailey News’ newspaper and on their website offering ‘Free unlimited E-Books for a year available to its first 30 new customers, stating they must apply on-line before the 5th November 2011. By taking up this offer the reader will be entering into a contract with Winder Ltd. A contract is a legal agreement and
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Rule Revisited Ronan O’Brien In The Law of Contract,1 Treitel refers to the postal rule as being an arbitrary (based on random choice or personal whim)2 rule. As there are differing views on where acceptance by post should be deemed complete, serious problems can arise for the parties to the contract when a breakdown of postal communication occurs. Three possible solutions to this problem exist. The acceptance is complete either when the letter of acceptance is placed in the letterbox; when it is delivered
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advise Tom with references to common law of contract that if there is any form of contract or acceptance made by Tom and Vicky, it is necessary to determine the main facts of the problem, whether or not to convince one of the two parties is illegally bonded and, back up by using relevant case law that bring about the similarities, certain behaviors to apply the precedents to this problem. In order to indicate the formation of a legally binding contract either by oral or written between Tom and Vicky
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Acceptance Lindsay Reid LS 311 Kaplan University Professor James Starcher July 29, 2012 Acceptance In the case of Carrie, Antonio and Norvel, Carrie offers to sell Antonio a set of legal encyclopedias for $300.00. Antonio says he has to think about it and will let Carrie know the next day. Norvel, who overheard the offer to Antonio, tells Carrie he accepts her offer. Carrie gives Norvel the encyclopedias in return for $300.00. The next day, Antonio, unaware of the transaction between Norvel
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parties have genuinely agreed to the terms of the contract, therefore, the contract is enforceable. Even though the earnest money was not deposited yet, but there were an offer and acceptance. Salesperson accepted to grant Buyer an extension than willfully, Salesperson decide not to send out the paper to Buyer even after a second request. Consequently, Salesperson's action is a resolution of fraud so he could get a higher price than Buyer's offer. 2. What is the cause of action? I. The cause of
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Module 01 - Law of Contract Coverage of: • Law of Contract: Definition, Essentials • Types of Contracts • Offer – Definition & Essentials • Acceptance - Definition & Essentials • Consideration – Definition & Essentials, Exceptions • Capacity of Parties • Free Consent • Quasi Contract • Legality of Object • Performance of Contract – Termination of Contract – Remedies for Breach of Contract Case Studies 1 The Indian Contract Act, 1872 The Indian Contract Act consists
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KwikCo, is looking for a courier service which they can use exclusively to deliver parcels and documents to their clients. The advertisement calls for expressions of interest, stating that "those parties wishing to be considered for the courier contract with KwikCo should submit an application in writing to be received in KwikCo's office by 5pm on Friday, 25 April, 2008." On Monday, 21 April 2008, A sends a letter to KwikCo giving information about her company and its experience as a courier service
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Title: ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS Course Code: QCF/L5/0215 Assignment Number: 01 LCB Student number: LCB/2867 Student Name: DK. SITI NURUL HAFIZZAH BINTI PG. ALI HASAN Contents Task 1 a)3-4 1 b)4-5 1 c)5-6 Task 2 a)7 2 b)7-8 2 c)8 Task 3 a)9 3 b) 10 Task 4 a)11 4 b) 12 Task 5 a)13 5 b) 14 Task 6 a)15-16 6 b) 16-17 Reference List18 Task 1 TASK 1-1.1 a) For one to form a valid contract the party must
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for a contract to be binding, there must be a valid offer. An offer is the expression of a proposal by which an individual is seeking to do something. For example, a person might offer to sell something or provide a service. Additionally, the offer must indicate that the person is willing to do something for the other person. Moreover, the person making the offer must intend to make a legally binding offer. In order to constitute a legally binding contract, there must an acceptance of the offer. Acceptance
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