As a general rule, contracts are binding regardless of their form as long as the essential requisites are present. However, there are those contracts that should be in certain form, for example, should be in writing, to be enforceable.
A contracting party who violated the terms or conditions of a contract may be sued for breach of contract in a trial court. Breach of contract may be committed if there is a valid or binding contract or when a contract was already formed. The guilty party is ordered to pay damages capable of pecuniary estimation to the aggrieved party. A person who is in good faith or who is innocent cannot be sued if there is a breach of contract. Likewise, a third party who has no participation or connection in the formation of the contract cannot be sued.
A contract may be bilateral or unilateral. A bilateral contract is one in which both of the contracting parties formulated and agreed upon the terms and conditions of the contract. Thus, the contracting parties have reciprocal obligation to perform their promises and the contract is already binding and enforceable immediately after a valid consent was given. In a contract of sale for example, the buyer promised to pay the seller of a piano the amount of $1,000 if the seller had delivered the piano in the house of the buyer. If the seller does not deliver the piano, the buyer has no obligation to
Contract is an agreement or a promise made usually between two parties where one engaged himself or herself to deliver goods or to render service to the other. When the other party accepted the offer, a contract is deemed formed. The validity and the enforceability of the contract depend on the provisions of the laws that cover the kind of contract that was formed…
According to Harvey v Facey  AC552, every contract consists of an offer made by one party and accepted by the other. Against this background, this essay seeks to advise the English National Operetta Company about its legal rights, if any, in relation to Costumes R Us, Pristine Printers Ltd and Prompt Printers Ltd with regards to the given scenario involving the sale of goods.
You have let out the building for a period of 15 years and four of them are yet to go before the said term ends. Your tenant intends to continue his tenancy for the full term, but you want to terminate it. The tenancy agreement between you and your tenant is Fixed Term tenancy.
50. The claim of the reward is to be attained through the card available on the reception of the gym. Apart from claiming the reward through card, it is also necessary to post the claim to Bulging Msclesds LTD before 21st of May. In this similar context, Mary introduced a new member named James on 1st of April and he acquired a membership subscription for one month.
The author states that Patrick Atiyah’s book, Introduction to the Law of Contract, has been imperative in the spread of Contract law and thus enabling people understand the various concepts in the law and the rubrics for its effective running. Britain is one country that has embraced contract law with a lot of passion.
“A contract may be defined as a legally binding agreement… The agreement will create rights and obligations that may be enforced in the courts. The normal method of enforcement is an action for damages for breach of contract, though in some cases the
120, 1st Floor, GK Classics, Srinagar Colony, Hyderabad -500073, Andhra Pradesh, India and the second company being M/s. UNITED GROUP INFRASTRUCTURE PTY LTD, (UGI), a Private Limited Company, Incorporated laws of
Even oral agreements become enforceable. The crux of the issue is that there is a contract made between Dodgy Tony Limited and Gordon and since there is a valid contract, both the parties to the contract are bound to fulfill the terms of the contract.
Acceptance is said to take place when the party responding or answering to the offer, agree to the offer by a way of statement or through an act. An acceptance does not intend to change the terms of the offer, supposing it does change the terms of the
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