Elaborative Samples on Valid Contract

Agreement is crucial for the formation of a contract1.Following are various elements which are necessary to be fulfilled by the parties of a contract in order to bring it into existence. Non-fulfilment of these elements makes a contract void ab initio which means invalid from the beginning. In order to bring a contract into existence, an agreement is necessary to be constructed between parties. Agreement is a foremost requirement which...

Essential Elements of a Valid Contract Questions: 1.Can an offer in a unilateral contract be revoked if the party has already begun the performance? 2.Whether the terms of the offer certain? Mobil introduced a scheme known as the Circle of Excellence Scheme in order to improve the performance of the franchise. He said that the franchise must achieve 90% improvement in performance for six years to obtain a free nine-year renewal of the franchi...

Bernard vs AlanDiscuss about the Commercial Law for Legally Blinding Contract. It is the general position in contract law that for a contract to be valid there are essential elements that include an offer, acceptance, consideration and an intention to be legally bound, that must be present (Carter and Harland, 1998). Moreover, it will be deduced in this discussion that it is inconceivable that a contract will be enforceable where one part...

Question: Define the Law of Contract for Westphalia Marts Pty Ltd.   Answer: 1:  on the basis of the facts that have been given for this question, the question arises if the advertisement that has been issued by Mojo Beverage can be enforced by the law and if the promise that was made by Mojo in the advertisement to give $100,000 to the person who catches Lord Harry, a fish tagged and released in the lake, can be enforced by Ben. ...

Question: Discuss about the Treitel on the Law of Contract.     Answer: Introduction: The issue in this case is if Jack has an enforceable agreement when Jane made a promise to give her sports car to Jack. The issue in this case deals with the need for consideration to support a promise made in an agreement. In contract law, consideration has been described as the exchange of something that has some value with the other. In a co...