CHECK THESE SAMPLES OF Law Contract: Study of Case
...? Business Law By Due Against Trusty Bank Guarantee is a promise by one party to be held responsible if a person defaults in paying his obligation. In case of such default, the guarantor becomes liable to the creditor to pay the debtor’s debt. In the given case, Sophia owns her own house in which she lived with her fiance, Tim. Sophia is originally from Latvia and her English did not used to be that good. Therefore, Tim managed almost all of their financial matters. He obtained a loan from Trusty Bank to make investment in a new business venture. In order to get that loan, he made Sophia sign on a deed which gave the Bank legal charge over her house. In this case, Tim has...
4 Pages(1000 words)Essay
...contract. Consideration can be regarded as the price of a party’s promise. Consideration must be sufficient. It must be of a material value. Also, the parties must have an intention to be legally bound under the agreement. If there is no such intention, the agreement becomes a social agreement and is not enforceable by law. In the given case, Kevin was interested in buying a motorcycle from his friend, Jack. Jack said that Kevin could have the bike for ?2000. He also said that Kevin must reply by 10am on the next day as other parties were also interested in the motorcycle. This was a valid offer by Jack to Kevin. Kevin sent a text message to Jack saying that he would take the motor cycle...
4 Pages(1000 words)Coursework
...of contractual terms. In that case the defendant refused to pay rent since he was no longer in possession of the land. The defendant was made to pay rent since the court ruled that there was no express or implied terms within their contract to grant a reprieve in such circumstances.
In the event that the agreement between the parties does not clearly state or cover the issues at hand, the basic agreement contained in UK law regarding Force Majeure is found in the Standard Building Contract or SBC Item 13. The SBC states that a contractor is entitled to an extension of time in cases of
"other relevant events such as exceptionally adverse weather...
3 Pages(750 words)Case Study
...Contract Law Question One Advice to Arun Arun made an offer by placing a notice at the notice-board to sell "Richards, Law of Contract at5. This is the commonest form of an offer since it is made to the world at large and anyone willing to buy the text book can accept it. An offer can be accepted orally, in writing or by conduct and in order to make a contract binding, the acceptance must be communicated and a mere mental intention to accept it is not sufficient. A relevant case studied is that of:-
Carlill vs. Carbolic Smoke Ball Co. of 1893
The defendants offered a reward of 100 to anyone who contracted...
3 Pages(750 words)Essay
...Conclusion
Having rejected that there was a special rule for sea voyage, the House of Lords decided the case based on the issue of probability. While their Lordships accepted that the degree of probability in contract should be distinguished from that in tort, they had differing opinions on what degree of probability was needed. Nonetheless, by applying each of their individual formulations of the requisite degree of probability to the facts of The Heron II, they arrived at the same conclusion that the respondents could recover as damages the loss of profit that resulted from the breach of contract.
Bibliography
BEALE, H.G., W.D. Bishop and M.P. Furmston. Contract:...
5 Pages(1250 words)Case Study
...Contract Law Part A: The major point of contention in this case is the content of the option clause (Clause 4) and whether its performance can be enforced through a decree of specific performance. In accordance with her rights under the contract, Hilary has validly exercised the option available to her under Clause 4. However, she may not be able to demand specific performance solely on the basis of the option, because the agreement remains incomplete - while other terms have been mutually agreed to between the parties, the new rental price remains to be fixed. On this basis, final agreement has not yet been reached between the parties (per Clause 4f). This was also the...
14 Pages(3500 words)Case Study
...Issue: The issue in this case is whether or not an enforceable contract was entered into between Wadsworth Construction and the of S. George, Utah.
Rules of Law:
An invitation to bid on a public contract is not an offer to contract but a solicitation for an offer. The contractor's bid is the offer to contract. To form a contract, the parties must mutually assent to the agreement.
In order for the contract to be enforceable: 1) it must be written as required by the Statute of Frauds; and, 2) the parties must mutually assent to the terms and conditions of the contract.
Application:
The Statute of Fraud which is a law in every state of America requires every contract to be in writing to be enforceable.1 It must also be signed... by the...
2 Pages(500 words)Case Study
...Contract Law Section A Question a) This issue where Igor advertised to sell his favourite guitar concerns the rules of offer and acceptance. An offerand acceptance is one of the essential elements of a valid contract. On the other hand, a contract may be defined as an agreement between two or more persons which is intended to create legally binding obligation. For this case, there was a contract that was made between Igor and Jonquil since there was an offer that was made through advertisement by Igor that was accepted by Jonquil through the post. 1
An offer may be made to a specific person or to any member of a group of
Persons or to the...
4 Pages(1000 words)Case Study
...Contract Law - A work Part One: Issues of the case: Contract - Damages for breach - Breach of settlement agreement -Whether claimants are entitled to damages in form of reasonable payment as quid pro quo for relaxing their rights under settlement agreement.
Conclusion:
Herbert and Rupert have entered into a contract that there would be interim payments less 10% of the cost of the listed items in the course of the refurbishing work. Rupert has completed the work to the full satisfaction of Herbert and he has evidently accepted the fact too. But he paid Rupert only 25% less of the cost of the listed items as interim payments instead of 10% less.
There...
4 Pages(1000 words)Case Study
...Independent Contractor Case Study In the case study of Ark Bark and Joshua, we are asked to determine whether Joshua is an independent contractor, oran employee. The answer relies on the application of Internal Revenue Service definitions and rules, which is the basis for case law on the subject.
Establishing Employee Status
Based on the IRS criteria and case law, Joshua is an independent contractor. The IRS advises that in analyzing the relationship, we should examine the behavioral and financial aspects of control that define the relationship within the context of the IRS definition of employee and...
4 Pages(1000 words)Essay
