Nobody downloaded yet

LLB contract law - Essay Example

Comments (0) Cite this document
Summary
Generally speaking, all promises or agreements entered into by parties are contractually binding on both parties only if supported by a consideration. Consideration in this case implies that each of the parties to the contract must either receive or be promised something in…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
LLB contract law
Read TextPreview

Extract of sample
"LLB contract law"

Download file to see previous pages In other words, a consideration is the benefit to the promissory.
Although contracts are only binding on the parties when they are supported by a consideration, the English law allows a person to desert his/her promise to another without recourse. Nevertheless, there have been many incidences where persons end up claiming back their rights after deserting such rights by making promises to the other parties to a contract. Therefore, to help the promisee in such situations, the doctrine of promissory estoppels was developed to prevent people from claiming back the rights they had waived by promising the party to the contract that they are no longer willing to receive consideration either partially or in full in return for making such a move2. In plain, the doctrine of promissory estoppels requires that the promisor must be true and faithful in making a promise. Accordingly, the doctrine bars the promisor from changing the promise that he or she had made to the promisee.
Therefore, from the definition, it can be stated that the promissory estoppel acts as an alternative to consideration. This is because, instead of having to provide a consideration for the contract to be enforceable, an aggrieved party can argue promissory estoppel as a defence for a promise made by the promisee in a contract. This is because the doctrine of promissory estoppel prevents the person who has made a promise to reclaim the gratuitous rights that they had given back. In this regard, promissory estoppel doctrine offers an effective defence to an aggrieved promisor in the event that the promisee breaches their promise by reclaiming initial terms of the agreement. This is because the doctrine makes a promise binding to both the parties to the promise without the need of consideration3.
Nonetheless, some legal experts have argued that, as much as equitable promissory estoppel can offer effective defence in a contract, the doctrine cannot offer the same defence ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“LLB contract law Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
LLB contract law Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/law/1673162-llb-contract-law
(LLB Contract Law Essay Example | Topics and Well Written Essays - 2250 Words)
LLB Contract Law Essay Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/law/1673162-llb-contract-law.
“LLB Contract Law Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/law/1673162-llb-contract-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
LAW LLB - FAMILY LAW
...? The family has been the cornerstone of human society since time immemorial. This fundamental social has always been built on marriage. However, the rigors of the modern age have taken its toll on marriages and have resulted to dire consequences on the family. After all “Marriage can be defined as a socially approved union between unrelated parties that give rise to new families” (Hunter, 1991). In particular “Marriage, whether civil or religious, is a contract, formally entered into. It confers on the parties the status of husband and wife, the essence of the contract being an agreement between a man and a woman to live together, and to love one another as husband and wife, to the exclusion of all others” (SH v. KH, 2005... ). This is the...
14 Pages(3500 words)Essay
LLB Law of Contract Written Assignment
...?General Principles of Contract Law In the present case, there are actually three scenarios presented as a consequence of the buyer’s offer to buy his antique coffee table. The first one involves Fred and Gary. The second one consists of Fred and Harriet. The third instance includes Fred and Ivy. Overall, Fred is the seller and the three others are the buyers. The ultimate issue of which is whether or not a legally binding contract was made in any of the situations. First Scene In the first scenario, electronic mail was primarily used to form an agreement. The seller (Fred) offered to sell the coffee table to his friend Gary for 450 pounds. This differs by 50 pounds as to the original...
6 Pages(1500 words)Essay
Law 2105 TORT LLB
...? Law 2105 TORT LLB Circumstances in which a failure to take action may result in a claim in negligence Introduction A tort refersto a civil wrong, one that a remedy, in terms of compensation, is usually available to the person who has been wronged in a civil court1. Usually, there are duties owed to people in different circumstances, and for wrongful or negligent actions, there is liability imposed by law. The key function of the Law of Torts is to offer remedies to those claimants who have suffered loss, infringements of rights or harm, which may include physical injury to property or persons, damage to financial interests and reputations of persons, and interference...
5 Pages(1250 words)Essay
LLB - CONTRACT LAW
...Georgian, even though they were only Victorian and Peter lied when he said that the candlesticks were Georgian. Georgian era ended in 1830 and this means Peter meant that candlesticks came to the family during Victorian era and perhaps John should have found out details about their previous owner. Still there is no doubt that he was totally misled as he trusted Peter. This contract could be set aside because it is a misrepresentation1 from one side and a mistake on the other. Misrepresentation was done in clear words, with a special knowledge2, over dinner at Peter's residence by Peter, upon which the entire Contract stood. John has to prove that it was not a matter of opinion regarding the nature and...
2 Pages(500 words)Essay
LLB CONTRACT LAW
...156017 How does the contractual capa of a minor differ from that of an adult "An infant, like a lunatic, is incapable of making a contract of purchase in the strict sense of the words; but if a man satisfies the needs of the infant or lunatic by supplying him necessaries, the law will imply an obligation to repay him for the services so rendered, and will enforce that obligation against the estate of the infant or lunatic. The consequence is that the basis of the action is hardly contract. Its real foundation is an obligation which the law imposes on the infant to make a fair payment in respect of needs satisfied. In other words the obligation arises re and not...
2 Pages(500 words)Essay
LLB Company Law
...LLB Company Law work Question 2009 Emma's Salon in Hatford Introduction When setting up a business, individuals have several options on how they want to form their organization. In other words, there are a number of forms of organization, namely, sole proprietorship, partnership, private limited company and public limited company. As individuals move on the list, the forms get more complex. Meaning, sole proprietorship is the least complex while public limited company the most. Complexity varies with the amount of paperwork, articles, responsibilities, and other things. This paper will examine the case study based on Emma's hair salon. In answering the questions of the case, the paper will first present...
10 Pages(2500 words)Coursework
LLB Law - Contract Law
... as a right, interest, profit or benefit to one party, or some forbearance, detriment suffered or undertaken by another. Consideration is the normal 'badge of enforcement' in English Law. Taking a further look at this case the consideration was the amount of money that Mr Baron offered to Mr Taylor in exchange for the goods at the promised time. However Mr Taylor suffered detriment when the full amount of money was not paid. Consideration was given when Mr Baron asked for all all the costumes for the waiters to be delivered before the club opened. Mr Taylor met all the requirements for the contract to be valued whereas Mr Baron did not fulfill the requirements of the contract. The case also deals with executed consideration... , for this to...
3 Pages(750 words)Case Study
LLb Law, Contract
...free tickets to the next test match between England and Australia in Melbourne. But applying the principle of the advertisement being only an invitation to treat, no breach of law can be said to have taken place, as was established in the case of Pharmaceutical Society of GB v Boots Cash chemists 1952. A contract represents an exchange whereby an offer is made by one party which is accepted by another party. In this case, Allsports has made an offer to its customers which has been accepted by them. The advertisement placed by Allsports in the National Press in effect, makes a promise to a customer purchasing more than 200 pounds worth of goods, a free ticket to the test match. According to Charles...
14 Pages(3500 words)Essay
For developing nations, tourism has been seen as the road to development. Choose one area and identify the specific benefits and cost of tourism to the area. Th
8 Pages(2000 words)Essay
LLB Law, Media Law
...Contempt of court can be described as any wilful act of disobedience to, or disregard of, or court order or any misconduct in the presence of the court; action that interferes with a judges ability to administer justice or that insults the dignity of the court and contempt of court is punishable by fine or imprisonment or both. In ‘American Jurisprudence’ it is stated: “…he whose conduct tends to bring the authority and administration of the law into disrespect or disregard, or otherwise tends to impede, embarrass or obstruct the court in discharge of its duties, is guilty of contempt…”1 The test as to what constitutes contempt of court was enunciated by Lord Russell in the English case of R v Gray: ‘Any act done or...
4 Pages(1000 words)Essay
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 LLB contract law for FREE!
Contact Us