the postal rule will apply. The postal rule states that where a letter is properly addressed and stamped the acceptance takes place when the letter is placed in the post box. This rule was first established in the case of the court of Adams v Lindsell ([1818] 1 B. The court had to decide the exact moment of contract formation by post. It was found that parties were not sure when acceptance was communicated by post. Due to delay in communication by post the parties could also not be aware if communication
Words: 434 - Pages: 2
world. Because this issue has become more common, security of buyers and sellers is a pressing issue that needs to be looked into. Online contracts and payments play a big role in the purchasing of online goods and services and this will be the main purpose of this paper. Table of Contents I. Introduction to online purchasing of goods and services II. Contract Formation III. E-Signature IV. Laws related to online purchasing of goods and services a. Traditional Consumer Protection
Words: 3638 - Pages: 15
BUSINESS LAW – Bus 340 PRACTICE QUESTIONS The following practice questions, both the question type and content, are similar to the type and format of questions on the final exam. Please use them a study aid to prepare for the final exam. 1. In a civil lawsuit against Ellen, Fred obtains an injunction, which is: a. a remedy at law. b. an equitable remedy. c. not possible under our U.S. system of jurisprudence. d. none of the above. 2. Our society has
Words: 9903 - Pages: 40
and a principle of existence is identified at the time of contracts. The legal capacity principle at the time the act was carried out and at the time of ratification is identified. It appears to have no reason why AL never explained the involvement of Chris. Chris has fulfilled his duties as an agent and the amendment will not be enforceable in court if Al makes a contract with Ben for Chris to be ratified, If Ben is not happy to contract with Chris. Ben has a right of liability, his liability
Words: 453 - Pages: 2
elements of valid contract in the common law tradition, how different from civil law. 1) The parties must intend to be legally bound. Family members may make promises without intend to be contractually bound to them 2) A contract must contain an offer and acceptance of that offer. A counter offer also requires acceptance. 3) The parties must have legal capacity of contract. 4) The contract must be for a legal purpose and legal in nature. * If contract sign by duress (undue
Words: 813 - Pages: 4
v Ripley) B. Agreement : offer n Acceptance #1 Invitation to treat: invitation to other to make an offer (Advisements catalog: Carlill v Carbolic Smoke Ball Co, Advertisements are usually considered to be invitations to treat (Carlill v CSBC).(Display of good:Goods on display in a shop are not treated as an offer but as an invitation to treat (Boots Cash Chemist v Pharmaceutical Society of Great Britain), Request for Information: responding question wont create offer Harvey v Facey (1893) (Reply
Words: 4854 - Pages: 20
CONTRACT LAW Introduction: Contracts form a central feature of our modern life. Most activities we engage in constitute contracts. The law of contract is therefore key to defining and strengthening relationships. A contract is a mini legal system which has provisions and terms which govern the relationship between parties thereto and hence conferring rights and obligations upon them. The law of contracts is the most important and the basic part of law. All of us enter into contracts in our day-to-day
Words: 3210 - Pages: 13
Commercial Transactions (Contracts) Unit 3-Individual Project Tiffany L. Wilson Abstract Contracts are very important when it comes to businesses. Contracts have to be legally and binding to cover all aspects in case there is ever any doubt. In large corporations they would often have to have the expertise of judges help because something especially in advertising could be interpreted to be something totally different. Commercial
Words: 935 - Pages: 4
After a review of the Offer and Acceptance video I opted to go with Option 3, creating a contract that clearly states in writing the implied terms of the contract verbally communicated in the contracts. A contract is not a replacement for trust; it is the basis for trust. “Contract administration starts with developing clear, concise performance based statements of work to the extent possible, and preparing a contract administration plan that cost effectively measures the contractor’s performance
Words: 795 - Pages: 4
Elements of a Contract By Michael A. Petrat Business Law 206 Most people in our society are involved in contractual agreements of some kind. In most, if not all, aspects of law contracts can be found. Contracts are involved in family law, corporate law, employment law, litigation and real estate. Elements of a Contract: A contract is an agreement reached after sufficient consideration to do, or refrain from doing, some legal action. A contract is considered valid when two or more parties
Words: 3196 - Pages: 13
