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

The Law of Contract - Assignment Example

Cite this document
Summary
In the paper “The Law of Contract” the issue in respect of this question requires an analysis of the situation when the courts have found legal contracts to be unenforceable on the basis of public policy. The first element that needs to be discussed is that of intention to create legal relations…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
The Law of Contract
Read Text Preview

Extract of sample "The Law of Contract"

Download file to see previous pages

A classic example was the case of Balfour v. Balfour whereby Mr. Balfour by the use of contract like terms agreed to give his wife £30 a month which was to act as her maintenance for the time he resided in Sri Lanka. After his departure, he stopped the payment and as a result action was brought by Mrs. Balfour so as to recover the payments. The Court of Appeal found that there was no enforceable agreement that was existent on the basis of the evidence available so as to show the intention to be legally bound.

Another case which is cited along this case is that of Merritt v. Merritt wherein the courts distinguished the aforementioned case on the basis that the couple in this case even though married again, had formed the agreement at the time when they were estranged and thus the agreement was said to have been formed with the intention to create legal relations.The principles of public policy whereby a contract can be invalidated that are depriving a party the right to sue in the contract and the other of raising illegality as a defense can be seen in these broadheads of public policy:Contracts which involve or tend to promote sexual immorality (Pearce v. Brooks); contracts which concern matrimony and are deemed to be unacceptable; agreement which include servitude; there can be contracts which allow dealing or transacting with the enemy or to cheat public authorities; contracts which would lead to creation of corruption in public offices; contracts which would create hindrances to course of justice; and ousting jurisdiction agreements.

Another important element that needs to be discussed is the illegality that lies in respect of restraint of trade clauses. These led to the contract being held unenforceable. The criteria that have been laid down so as to allow such a contract to be held legal and valid is that there must be the legitimate interest of the covenantee which could include protection of trade secrets.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Law Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/law/1425033-second-essay-business-law
(Business Law Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/law/1425033-second-essay-business-law.
“Business Law Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/law/1425033-second-essay-business-law.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Law of Contract

Major Issues on the Law of Contract

hellip; Elizabeth explained to James that the correct price for the watch was supposed to be 250 and not 25 as indicated by the price tag. This issue concerns invitation to treat under The Law of Contract.... The prospective buyer, by offering that price is himself the offeror and his offer, if accepted, create a binding contract.... A binding contract would have been created when the store person (Elizabeth) would have accepted the offer made by James since the price with the gold watch was just inviting customers to make their offer....
7 Pages (1750 words) Case Study

The Law of Contract Assignment

Laura has to establish that the shop owner cannot rely on the exemption clause in the standard terms of the contract.... An exemption clause in a contract purports to exclude liability of one of the parties to the contract, under certain circumstances.... The Statute sets out that no contract term can exclude or limit liability in any way for negligently causing death or injury1.... Finally, if a contract term or notice makes efforts to exclude or restrict liability for negligence, agreement to or awareness of this is not of itself to be taken as indicative of the voluntary acceptance of any risk2....
3 Pages (750 words) Essay

General Principles of Law

Mistakes constitute a very difficult and complicated area of The Law of Contract and relate to the time of formation of the contract.... The rules of contract law could be so designed that it brings about rectifactory justice, distributive justice or both.... There are two situations where the law recognizes the mistake as to identity.... In the contract law, mistakes are classified as non est factum, unilateral and bilateral....
8 Pages (2000 words) Essay

Legal Implications of Disclaimer in Contracts

How do these disclaimers affect the right of the parties to a contract?... Will the court apply the disclaimer as part of the contract?... These and other questions will be answered in the process of applying of analysing the given cases in relation to applicable law on the matter.... To see however the connection between the facts and the applicable law or principle of law, the case facts are included in this paper....
11 Pages (2750 words) Essay

Business Law - The Law of Contract

This paper "Business Law - The Law of Contract" focuses on the fact that a contract is a legally binding agreement with clear-cut terms between two or more parties or entities.... nbsp;… From the definition of the contract law, it can be argued that the contract between Standard Storage Company and Tri-Country Investment Corporation does not include furniture as part of the sale.... This is because the inclusion of the furniture is not part of the definite terms enlisted in the final contract....
1 Pages (250 words) Essay

Misrepresentation in the Law of Contract

The paper 'Misrepresentation in The Law of Contract' presents the communication of false facts which induces the party receiving the false representation to enter into legal obligations.... In a typical case of misrepresentation, the innocent party will be at liberty to rescind the contract and/or seek damages.... It is also obvious that Jennifer's statements, particularly the statement in respect of the petrol company's profits induced Hassan to enter into a contract for the purchase of the garage....
8 Pages (2000 words) Term Paper

Common Law: The Law of Contract and Unilateral Contract

"Common Law: The Law of Contract and Unilateral Contract" paper examines the contracts, which are legal in nature, and the parties are bound to execute the promise and agreements.... hellip; Social agreements are the agreements that are just promises between two or more persons or parties but do not enjoy the status of the contract.... “Unilateral contract” according to legal dictionary.... om, “is a contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party....
16 Pages (4000 words) Assignment

The Law of Contract: Golden Antiques and White Halls Ltd

In the paper “The Law of Contract: Golden Antiques and White Halls Ltd” the author evaluates whether there was a legally enforceable contract between Golden Antiques and White Halls Ltd, or alternatively whether the contract between Golden Antiques and Roger is valid.... Moreover, The Law of Contract stipulates three fundamental requirements to establish a legally enforceable contract, namely offer acceptance and consideration.... To this end, Lord Wilberforce asserted the rule for the formation of the contract in New Zealand Shipping Co Limited v A M Satterthwaite, The Eurymedon4: “English law having committed itself to a rather technical doctrine of contract, in the application takes a practical approach into the marked slots of offer, acceptance, and consideration”...
12 Pages (3000 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.
Contact Us