CHECK THESE SAMPLES OF Undue Influnce in law of Contract
Different types of contract include express contracts, implied contracts, executed contracts, enforceable contracts, and void contracts among many more (McKendrick, 2007).... VALID CONTRACTS Date A contract is a written or oral agreement between two or more parties, each party with his/her obligation that is legally binding.... Before a contract becomes legally binding, there are some essentials that must be satisfied otherwise referred to as elements of a contract....
3 Pages
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Assignment
Whereas, compensatory damages to the injured party are meant to reverse the losses caused by a breach of contract, liquidation damages are clearly envisaged in the original agreement.... Remedies rectify the damages caused by a breach of contract.... contract Law: Fraud; undue influence; duress; damages and remedies Course/Number Date Impact of fraud on Contact Fraud generally involves deliberately entering incorrect information to a contract with another party that results in damage....
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Assignment
The action of contract breach ultimately results in invalidation of contractual elements.... Misrepresentation can occur through words or conduct of one party implying falsehood, though not all elements of speech and conduct constitute misrepresentation within the setting of contract law (Gordon v Selico, 5).... Name Tutor Task Date Discuss the Factors that Can Invalidate a contract Introduction A contract could be defined as an agreement presenting a legal responsibility upon involved parties....
6 Pages
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Essay
Business Law By Course Instructor Institution 1 Dec 2013 Misrepresentation Young (2009) defines misrepresentation as a false statement of existing or past fact made by one party before or at the time of making the contract, which is addressed to the other party and which induces the other party to enter into the contract.... hellip; Therefore, misrepresentation covers pre-contractual statements made before entering into the contract in order to induce one party into the contract which they would not otherwise have entered into (p....
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Essay
Seymour has already obeyed the contract and worked for the Krustylu Television Studios and hence met the terms of contract partially.... Whether the violation of contract might also be breach of section 52 is a significant issue.... As the Seymour Skinner was forced to sign the agreement or contract which is nothing but violating the legal principles of contract, he is not bound to the contract with Agnes and Krustylu Television Studios to full extent....
8 Pages
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Essay
This is because the existence of an agreement in the minds alone cannot be used by courts as evidence in case of breach of contract.... In a contract, there should be mutual obligations between the parties coming into an agreement.... The act deals with implied terms and presumptions which reflect commercial expectations in the formed contract.... It is only until the offeree communicates acceptance to the offeror that the contract can become valid....
6 Pages
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Essay
A “mere puff” in law refers to a promotional claim or statement, which, rather than express objective views, expresses subjective views that a reasonable person is not expected to take literally.... A misrepresentation, on the other hand, refers to a false statement of fact that a party makes to another party to influence them into entering a contract, even though the statement is not part of the contract.... In effect, this makes the contract voidable and the innocent party could repudiate the contract, as well as claim damages (James, 2014: p22)....
6 Pages
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Case Study
ctual undue influence refers to a situation whereby one of the parties to the contract enters into a transaction owing to the inappropriate exercise of influence by the other party.... To institute the existence and exercise of actual undue influence the party desiring to set aside the contract must establish that:While presumed undue influence, on the other hand, refers to incidences where one of the parties to a contract was influenced into entering into a contract by the other party and where there is a relationship of trust and confidence between both the parties to the contract....
17 Pages
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