StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Legal Systems and Contract Law - Assignment Example

Comments (0) Cite this document
Summary
The paper “Legal Systems and Contract Law” looks at the contract law, which postulates that when an agreement has been made between two parties either orally or in written form, it has its own validity. A contract is nothing but a legally binding exchange of promises…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Legal Systems and Contract Law
Read TextPreview

Extract of sample "Legal Systems and Contract Law"

Download file to see previous pages The contracts are basically of two types. Sometimes written contracts are required, e.g., when buying a house1. In general, the vast majority of contracts
are made orally, like buying a book at a shop. No doubt, the written form of contract has an edge over oral form, but it doesn’t mean that the oral contracts are not enforceable completely. The same principle applies here in case of a contract made between Colonsay Mountain Equipment Ltd (Colonsay) and Alpine Ski Slopes Ltd (Alpine).
Even though there was an oral agreement made between Colonsay and Alpine for advertising and promoting each other’s sports equipment, Alpine later entered into an agreement with another sports equipment company which is completely unethical and illegal. According to the original verbal agreement, the Alpine had given its consent and then only Colonsay prepared a comprehensive draft contract and delivered the same to Alpine. Unfortunately, after receiving the draft contract, Alpine entered into an agreement with another company allowing huge loss to Colonsay which is highly objectionable. This comes under Breach of contract and hence Alpine can be punished under a court of law.
If one analyzes the UK Parliament’s new piece of legislation called the Formalities of Contracts Act 2006, it states that “An Act designed to make provision to require the agreement of certain contracts within certain sectors in writing in order to improve certain contractual relations in those sectors”. It also states that “35 (1) Any described transaction for gain, including for any definable financial advantage whatsoever, which is valued at GB sterling of 5000 pounds or more, entered into by at least one prescribed business in the UK, shall be recorded in writing, otherwise that contract will be invalid and unenforceable. It doesn’t mean that oral agreements of all categories are unenforceable.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Legal Systems and Contract Law Assignment Example | Topics and Well Written Essays - 1500 words, n.d.)
Legal Systems and Contract Law Assignment Example | Topics and Well Written Essays - 1500 words. https://studentshare.org/law/1709946-legal-sytems-and-contract-law
(Legal Systems and Contract Law Assignment Example | Topics and Well Written Essays - 1500 Words)
Legal Systems and Contract Law Assignment Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/law/1709946-legal-sytems-and-contract-law.
“Legal Systems and Contract Law Assignment Example | Topics and Well Written Essays - 1500 Words”. https://studentshare.org/law/1709946-legal-sytems-and-contract-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Legal Systems and Contract Law

Legal Systems and Contract Law

..., a court of law would not recognize this as a breach of contract since there was no contract in the first place. According to the Scots Law of contracts, a contract is an agreement between two or more parties with the intention of creating legally binding obligations. Therefore, the customer’s recommendation had no intention of creating legally binding agreement. As the legal representative of Arju, I would advise her not to pursue a case against the said customer but instead try to be careful the next time. Question A2 In another scenario, we witness a sales assistant who is not familiar with power washers but goes ahead to assure Arju that the store sells quality goods. However, the sales assistant omitted information concerning customer...
5 Pages(1250 words)Assignment

Legal Systems and Contract Law - resit

4. The position of Constance in the existing circumstances and its impact on Calum. 5. Possible remedies available to Calum RULES In order to conduct a critical analysis of the case at hand, it is necessary to examine the relevant components of the English and the Scottish legal systems that differ. However, to set the discussion rolling, it is necessary to examine the general rules that define the concepts of offer, acceptance and contracts in both jurisdictions. English Common Law In order to form a valid contract, there must be an offer and an acceptance. In the general sense, an acceptance must match the terms of the offer and it. The specific method of acceptance must comply with the required method of acceptance1. Thus, if...
14 Pages(3500 words)Essay

Law - legal systems

... appears here] appears here] appears here] appears here] Law Legal systems It has been suggested that an important measure of a civilization is the quality of justice received by its citizens. In the past decade there has been an increasing concern that the traditional adversary system is not adequate to handle effectively all the disputes currently being placed before it. A number of factors have combined to create this concern. The increasing complexities of modern life have increased considerably the number of potential disputes. The capacities of traditional, informal dispute resolution institutions to resolve disputes, such as the family, neighborhood or church, seem to have diminished. The expansion of the role of government...
8 Pages(2000 words)Essay

EU Law and Legal Contract

For member states of the EU, it is no longer the case that only national government can make laws within their territories.
Britain joined the EU in 1973 when it was still European Economic Community (EEC). So until 1972 UK had complete parliamentary sovereignty" but as the UK's application to join the EU was accepted, Parliament passed the European Communities Act. This Act transferred some control over creation of laws to EU institutions.
Primary sources of EU law are treaties. Treaties are agreements signed by the Heads of State of all the member states of the EU. They set out all the main principles and goals of the EU. So far as our law is concerned all treaties signed by our head of government become part of English...
10 Pages(2500 words)Essay

UK Law Degree legal Systems

...UK Law Degree legal Systems What meanings can be attributed to notion of access to justice in post-Woolf world of litigation In March 1994, the Lord Chancellor, Lord Mackay, appointed as Lord Woolf to recommend changes to the rules and procedures of the civil courts in England and Wales. The aims of his review were: to improve access to justice; to reduce the cost of litigation; and to reduce the complexity of the rules and terminology. Lord Woolf's review is known as the Access to Justice Inquiry. It was so-called because Lord Woolf's proposals introduced radical changes for civil litigation. Lord Woolf intended to improve access to justice by striving to attain this end: avoid civil litigation if possible; create a less antagonistic...
4 Pages(1000 words)Essay

British Legal systems and Contract law

...British Legal systems and Contract law Detailed proposed response to each of the issues: (a) There has been no breach of contract so no damages are due at all: There has been a breach of contract since there was an implied term in the contract that the materials would be delivered at Aberdeen plant. The personnel at Metalinque Ltd were aware of the fact that the materials were to be sent to the plant situated at Aberdeen, and by delivering the materials at London, they have committed a fault, although it may be said in their defense, that the contract was signed with the Company's buyers based at the London Office. By not sending the materials to the Aberdeen office, knowing fully well that the materials need to be send...
6 Pages(1500 words)Essay

Legal Aspects of Contract Adminitration (LAW)

...Legal Aspects of Contract Adminitration (LAW) Introduction: The term contract is an agreement among two or more groups that can be obligatory at law.The equivalent lawful ethics commonly apply at universal law to all categories of contracts. Ultimately, the strict request of the universal law has been impacted by the doctrine of equity, planned by the judges to control unconscionable contractual effects and encourage justice. Statute rule has changed or reinstated the universal law with respect to a variety of features of contract law. As the contracts law in any country, the contract law in Australia also has certain characteristics. The contract becomes valid only if it fulfilled all the legal requirements. Contract is the agreement...
7 Pages(1750 words)Coursework

Legal Aspects of Business - Law of Contract

...Contract Law All agreements cannot be treated as contracts. To be specific, an agreement becomes a contract only if it has some distinguished features. To begin with, in simple term, “a contract is an agreement enforceable at law made between two or more persons by which rights are acquired by one or more to acts or forbearances on the part of other or others” (Anson, 2006, p.29). Obviously, the definition insists that an agreement must be enforceable by law in order to be valid. In the given case, no such legal relation has been made between John and Kathryn. This paper will analyze the specific features that make an agreement enforceable and what makes the deal in the given case void. The first and foremost thing essential...
6 Pages(1500 words)Assignment

Legal Systems and Contract Law

.... Chapters 3 and 5. Merrills, J., International Dispute Settlement, 3rd ed., Cambridge: Cambridge University Press, 1998. Poole, Casebook on Contract Law, 9th ed.,Oxford: Oxford University Press, 2008. Chapter 2. Poole, Textbook on Contract Law, 9th ed., Oxford: Oxford University Press, 2012. Chapters 9 and 10. Redfern A and M Hunter,  Law and Practice of International Commercial Arbitration, London: Sweet & Maxwell, 2003. P: 135. Slapper and Kelly, The English Legal System, 9th ed., London; Routledge-Cavendish Publishing Ltd., 2008. Woolman and Lake, Contract Law, 3rd ed., Edinburgh: W.Green/Sweet and Maxwell, 2001. Chapters 9 and 13....
12 Pages(3000 words)Essay

Contract Law from a Legal Feminist Perspective

...Question: How areas of contract law, specifically pre-marital agreements, are affected from a feminist perspective? Discuss in light of Radmacher v Grantino and other case law. Introduction Historically, women had always been the legally disadvantaged gender. Prohibited to own properties, vote in elections and generally subjugated to the superior rights of men in the family household, women have come a long way today spurred by the fervour of the various feminist movements. Legal feminist movements, however, are internally torn by conflicting perspectives and causes. Some legal feminists push for the equal application of laws to both men and women. Others believe that the law and the courts must take extra steps to favour women over men...
14 Pages(3500 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 Assignment on topic Legal Systems and Contract Law for FREE!

Contact Us