Business Law

Introduction According to Duxbury, R (2006) a shorten layabout be identified as an agreement that is formed amongst devil or more parties that is binding in law. So, we trick exclusivelyege that the agreement can create rights and responsibilities that may be induce in courts. Normally, the method of enforcement is an action for damages for breach of entreat, though in some cases the court may compel movement of instrument by the party in default. Elliott, C (2007) state that the contract law also helps by compensate not guilty parties economically, in general by attempting to put them in the blank space 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 proprietor of a retail shop. Basically, this situation starts with the run which is do by Andrew to Ben stating coulomb handles of potatoes at $10 per bag. Due to some factors much(prenominal) as the inclusion of delivery charges, and the rumour about worth of potatoes was to slump dramatically, the organization of the contract is nowadays uncertain. Since the price of the potatoes beastly 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 amidst Andrew and Ben, it must fulfill all the requirements that a contract needs. The subjective needs of a contract are; I. Offer and betrothal Offer is one of the! elements of Contract Law. An offer is a proposal 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 glob 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 other person to make an offer. It is...If you deficiency to get a near essay, order it on our website: OrderCustomPaper.com

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