Business Law

Introduction According to Duxbury, R (2006) a shorten mickle be identified as an agreement that is formed amongst devil or more parties that is binding in law. So, we stack exclusivelyege that the agreement can create rights and responsibilities that may be carry in courts. Normally, the method of enforcement is an action for damages for breach of entreat, though in some cases the court may compel effectuation of instrument by the party in default. Elliott, C (2007) verbalise that the contract law also helps by compensate inculpable parties economically, in general by attempting to put them in the slur they would have been in if the contract had been performed as decided. In this case, Andrew is a sales domain who works at Wholesome Vegetables Ltd, whereas Ben is the possessor of a retail shop. Basically, this situation starts with the run which is make by Andrew to Ben stating snow handles of potatoes at $10 per bag. Due to some factors such(prenominal) as the inclusion of delivery charges, and the rumour about price of potatoes was to slump dramatically, the organization of the contract is nowadays uncertain. Since the price of the potatoes take flight down dramatically, Ben is now refusing to accept the delivery of the potatoes. Question 1 Basically, this situation starts with the offer of a contract to sell 100 bags of potatoes at $10 per bag from Andrew to Ben on 21 February.

In order to have a contract which is valid in the midst of Andrew and Ben, it must fulfill all the requirements that a contract needs. The all important(p) needs of a contract are; I. Offer and bankers acceptance ! Offer is one of the elements of Contract Law. An offer is a design or definite promise to be bound on definite unambiguous terms. An offer could be made to a meticulous person, or category of persons, or to open at large as in Carlill v Smoke en Co (1893). This case is a well(p) sample of an offer made to the public. An offer must be clearly differentiated from invitation to treat, which is an invitation to some other person to make an offer. It is...If you deficiency to get a luxuriant essay, order it on our website: OrderCustomPaper.com

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