The drafting of the valid agreement between the parties of the contractual relations is the key pillar for the maintenance of the credible business relations with the occurrence of the relevant rights and responsibilities between the participants of the contract. Based on the validity of the agreement, it is possible to prove the attitude of one party to the another one, interpret the scope of the rights and several other moments in terms of the contract law. With that, the validity of the agreement is grounded on some points based on which the findings regarding its force may be ...
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BUSINESS LAW QUESTIONS
Carlil v Carbolic Smoke Ball Company [1893] 1 QB 256; [1892] EWCA Civ 1 Carlil v Carbolic Smoke Ball Company is a leading case in Contract Law which discusses the salient elements of an offer, an invitation to treat and other relevant contractual concepts. The facts of this case are that Carbolic Smoke ball Company, while advertising the Carbolic Smoke Ball drug for influenza, advertised that; £100 would be rewarded to any person who contracted influenza having used the ball three times a day for two weeks. The Company added that £1000 was already deposited with Alliance Bank to ...
United Kingdom is one of the oldest unions in the world that have transformed most countries in the world. UK’s administrative system has helped transform many countries and regions around the world. This concept is the reason UK has been under pressure to implement some laws and legislation to help it deal with certain issues. UK’s contract law is an example of such like laws that were meant to tackle some unending legal issues. The history of this piece of legislation is traced centuries ago, and this makes this initiative on of the oldest legislation in the ...
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A contract can be defined as a relation between two parties, who enter into an agreement that will be bidding to them and enforceable by law. The consent of the parties should be a voluntary affair. There are various categories of contracts. The following cases studied below fall under the category of a sale of goods contract. For a sale of goods contract to be legally binding to the two parties, it must fulfill all the legal requirements of a valid contract. This means that there should be adherence to the requisite elements which include an offer, an unequivocal acceptance, and intention between the ...
Commercial contract
A report to the Charity’s Managing Director A commercial contract is an official binding arrangement between two or more parties through which they are indebted to carry out or not some given activities. Contracts can be drafted or verbal and designed a formal or informal approach (McKendrick, 2005). Most enterprises develop contracts in drafts to ensure the conditions of agreement are precise, usually looking for valid counsel while setting essential contracts. Contracts can entail all factors of an enterprise, such as recruiting, wages, worker safety, loans, and leases. A breach of agreement happens if one of the associates ...
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