Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
Intention to create legal relations (ICLR) Rose & Frank v Crompton Bros [1925] |
A document was written which said "this arrangement is not entered into, nor is this memorandum written as a formal or legal agreement" After disputes arose it was clear there were no legal intentions |
|
|
There is a presumption that Intention to create legal relations Always exist eithin commercial arrangements Bunn & Bunn v Rees & Parker [2002] |
R had sufficient business experience to understand the natural meaning of and the effect of signing a document entitled "agreeement to purchase" and thus he failed to show that he had not intended to create a binding contract for the sale and purchase of his companys share capital. |
|
|
Consideration Not a legally binding contract, without consideration one side Vaughan v Vaughan [1953] |
A husband owned a house and told his wife she could continue to live at the house but when he changed his mind she could not stay there as she had given no consideration to the contract |
