StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

LAW ADVICE TO SWEETTORQUE COMPANY LTD - Essay Example

Comments (0) Cite this document
Summary
This research explains how the Sweet Torque Company can reverse the terms of the contract and give it to a cheaper company. According to the contractual law, no one in an agreement should cause the other any loss due to the contract given…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
LAW ADVICE TO SWEETTORQUE COMPANY LTD
Read TextPreview

Extract of sample "LAW ADVICE TO SWEETTORQUE COMPANY LTD"

Download file to see previous pages In a contract, there has to be the master of the offer who is the person who comes with the idea of contract and offers it to the other party in a bid to reach an agreement. The master of the offer also stipulates the time needed for the acceptance of the offer to the other parties. If a contract has not been reached by the given time of acceptance, the contract is said to be void or more time is given for both of the parties to go through with it. There are several methods of accepting an offer; the offeror (master of the offer) can limit the methods whereby he specifies a given amount of time usually seven days. If the offeror does not specify the amount of time for acceptance, then any reasonable time is valid for the offer to ace. In such a circumstance, the reasonable time depends on the type of offer. The mailbox rule states that a contract is deemed viable only after acceptance of the terms by all parties and the acceptance has been posted. However, it applies even if an acceptance has not been reached by the parties. In such a case, it becomes invalid if one of the parties misappropriates or misaddresses the acceptance. It also applies if, the offeree is notified of a rejection by the offeror, but they have already mailed the acceptance letter and received. An offer for acceptance can be terminated under several conditions. This includes through an act of a court order, if the offeree lets the offer lapse out of time, in the course of the death of one or both of the parties in the contract, by another more plausible offer, and lastly by revocation by both parties. A counter offer is defined as alterations of the key points of the agreement hence the offer...
According to the research findings contract law is concerned with promises which are enforceable and are summed up as agreements which must be kept. There are three crucial elements in contract creation in the jurisdictions of common law. These are highlighted as consideration, acceptance and offer, and the want to come up with legal relations. A legally binding offer, for instance, is in reference to the one which was offered by the company Carbolic Smoke Ball when it came up with a wonder drug which was supposed to cure people who had flu. It promised that if the drug would not work, the affected individuals would be paid 100 Euros. Fearing bankruptcy, the company said that the advert was not meant to be serious and that it was supposed to invite people to be treated for mere puff or gimmick. The court held that this was a solemn offer to a reasonable man. Consideration points out that all the parties involved in a contract, exchange valuable things. Presently, some law systems are abandoning this requirement and adopting estoppels. Estoppels’ is being used when under taking pre-contractual negotiations for creation of obligations. Consideration in jurisdictions of civil law, is it not a requirement for a contract to bind. Torts or civil wrongs, sometimes depicts, occur when somebody breaches a duty to someone else, or infringes on the legal rights of a second party. For instance, when one accidentally hits somebody with a base ball, a tort would have been committed. Under negligence law, the offended party can claim compensation from the responsible party. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“LAW ADVICE TO SWEETTORQUE COMPANY LTD Essay Example | Topics and Well Written Essays - 3250 words”, n.d.)
Retrieved from https://studentshare.org/law/1393453-law-advice-to-sweettorque-company-ltd
(LAW ADVICE TO SWEETTORQUE COMPANY LTD Essay Example | Topics and Well Written Essays - 3250 Words)
https://studentshare.org/law/1393453-law-advice-to-sweettorque-company-ltd.
“LAW ADVICE TO SWEETTORQUE COMPANY LTD Essay Example | Topics and Well Written Essays - 3250 Words”, n.d. https://studentshare.org/law/1393453-law-advice-to-sweettorque-company-ltd.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF LAW ADVICE TO SWEETTORQUE COMPANY LTD

Canadian Corporate Business Law

This was done by virtue of a loan to Ashley in the sum of $300,000 providing Temper with a first mortgage against the suite.
Two politicians invest in Temper, Stefan di Yawn who invests $500,000 in respect of 500 Class A shares and Bob Eh invests $100,000 for 100 Class A shares. In order to secure these investments, the politicians take a security interest in Temper. Shortly after the company experiences some difficulty beginning with Angelina who is photographed spitting on the sidewalks which gets the attention of politician Hillary Squinton who ran her campaign on a clean sidewalks platform. She initiates action against Angelina by taking the matter up with Spitting on Streets Board chaired by Angelina’s boyfriend Br...
11 Pages(2750 words)Case Study

The Marketing Communications Strategy & Mix: Sports Company

Despite the challenges that Adidas met in the 90s from fierce competitor Nike, the company hit the rebound by the end of that decade and has reclaimed its position as one of the leading sports companies nationwide. Considering that the company almost went bankrupt at its lowest point, it managed to rise and compete once again in the market.
With Adidas’ position in the sports apparel industry, this research aims to find out and evaluate the various marketing communications strategies that Adidas has implemented over the years. Further, this research aims to be able to identify which strategy is proven to be most effective, and which did not bring the desired results.

Football is undoubtedly the most popular s...
9 Pages(2250 words)Case Study

Family Law: Breakdown Of Marriage

In general, contesting a divorce is a difficult issue and grounds for divorce are generally allowed by the Courts. If one party makes a decision that the marital relationship is no longer working, the Courts are likely to accept this decision and grant the divorce.

While adultery is one of the important grounds for granting a divorce, John claims in this instance that he has not had an affair with Emma. Possibly, if this was the only issue at stake, he could have contested the divorce. However, there is also the additional issue of unreasonable behavior, which are also good grounds for the grant of a divorce. Isabel has made attempts to get him to see a therapist and has tolerated his depression and withdrawal during hi...
10 Pages(2500 words)Case Study

Company Strategy to the Public Sector

The definition of corporate strategies emphasizes the need for the organization to satisfy the needs of all the stakeholders if the organization is to achieve its overall objective of maximizing shareholder value. Stakeholders include employees, customers and the communities in which the organization operates. Employees, customers, and communities, therefore, have a significant impact on the success of the organization and thus on the corporate strategy of the organization. In formulating corporate strategy, organizations need to identify and priorities strategic issues, which involve scanning, selecting, interpreting and validating information. (Schneider, 1989).
The aim of this paper is to explain the strategy of an organiz...
7 Pages(1750 words)Assignment

Organization and Functions of Federal Law Enforcement Agencies

Threats may either appear in the form of terrorism or from other intelligence groups or from the espionage. It may arise within the country, against the existing government or social systems. Though most of the federal law enforcement groups are investigative groups, they are not only focused on investigations but stand for the people. One can see that the importance of the federal agencies is growing day by day because the threats from militants and others have considerably increased. Such kinds of federal law enforcement agencies include Federal Air Marshalls, Secret Service, FBI, Untouchables, C.I.A and Federal Corrections etc. The organization and functions of these agencies vary in different fields and can be cited in the fol...
7 Pages(1750 words)Case Study

Company Law Issues

Various sections of the CA are coming into force over a staged process and the relevant provision relating to authority is sections 39 and 40, which came into force on 1 October 2007.

Section 39(1) of the CA provides that “the validity of any act done by a company shall not be called into question on the ground of lack of capacity by reason of anything in the company’s constitution”

Additionally, section 40(1) provides that: “In favor of a person dealing with a company in good faith, the power of the board of directors to bind the company, or authorize others to do so, shall be deemed to be free of any limitation under the company’s constitution”.

Section 40 (2)...
9 Pages(2250 words)Case Study

Contract Law

This expression of willingness can assume several forms, such as a facsimile, letter, electronic mail or a telephonic message. The intention is an objective consideration and in the case of Smith v, Hughes 4 relevant consideration was deemed to be the manner in which a reasonable person would view intention. Furthermore, the law distinguishes between an offer and an invitation to treat. The latter is not an offer but merely an indication of willingness to negotiate a contract.

An instance of this is provided by the case of Gibson v Manchester City Council5. In this case, the phrase may be prepared to sell was held to constitute an invitation to treat and not an offer. Indeed, the Gibson decision challenged the tradition...
6 Pages(1500 words)Case Study

Constitutional and Administrative Law

When examining the decision of previous court comments that are made obiter dicta will not be part of the precedent since often obiter dicta comments are speculative remarks on how the judge might have acted if the facts had been different.

Binding precedents come from earlier case law and, as suggested in the wording, must be followed even if the judge in the present case does not agree with the legal reasoning of the judge in the earlier case. In order for a precedent to be binding the facts of the present case to have to be sufficiently similar to the earlier case. Decisions given in a lower court to the one in which the present case is being heard will not be binding. For a decision to set a precedent it must have b...
8 Pages(2000 words)Assignment

The Law on Physical Punishment of Children Fails to give Sufficient Respect to Childrens Rights

Under the English criminal law, several past and current legislations were made in order to protect the children from corporal punishment or becoming a victim of physical abuse. Despite our effort to prevent parents from using physical force in disciplining their children, the British Government remains unconvinced that the law which protects the children from physical punishment is sufficient (Keating, 2008). Physical punishment such as ‘smacking’, ‘slapping’, ‘kicking’, or ‘spanking’ is referring to the act of causing a degree of pain or discomfort to the child. (Niland, 2009, p. 6) With regard to the legal issues behind child protection against physical abuse, this study aims to d...
6 Pages(1500 words)Coursework

Analysis of Tourism and Hospitality Law Case

 The main issue that needs to be tackled first is whether there is a valid contract between Richard Brat, carrying on trade as Brighton Greens, (buyer) and Molly and Kelly trading in First Grade Granny Smith apples as Holy Farm.

Apparently, there was, when considering their verbal and written mail sent by Richard to Holy Farm on August 1 reading as follows –“Please deliver 20 boxes –Granny Smith ‘Brighton Greens’. Cheque mailed.“

It may be seen that the mail order does not specify the category or grade of apples to be supplied, but one of the implied conditions of sale could be that the goods ordered need to correspond with the goods inspected and tested.

In th...
8 Pages(2000 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic LAW ADVICE TO SWEETTORQUE COMPANY LTD for FREE!

Contact Us