Contract law

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    “Whither Contract Law” Lindsay Dykstra #339486055 “What good is contract law? Who uses it? When and how?” These questions asked by Stewart Macaulay in his seminal paper on contract law and the market are still just as relevant today as they were 60 years ago. Research on contracts since Macaulay, that is to say, the legal documents that evidence marketplace exchanges, show that contract are used less or more in different transactions depending on the circumstances, nature of the parties and…

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    Question A. Yes, this is an enforceable contract. Postal rule is one of the rules of contract law that makes an exception to the general rule that an acceptance can only occur when communicated directly to the offeror. This is considered a legal binding contract as the acceptance match with the offer. It is an enforceable contract due to reasons mentioned below. 4 elements of a contract The elements to create a legally binding contract are as follows; 1. Legal capacity – a person above 18 years…

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    Employment contracts are fundamental agreements used in the workplace to determine the guidelines of an individual's employment. There are three fundamental cases which have affected the guidelines of employment contracts during their respective times, Lochner vs New York (1905), Coppage vs Kansas (1915), and West Coast Hotel Co vs Parrish (1937). The rulings in each of the three cases has allowed for new interpretations of the law, by the governing body. Three philosophers Machan, Cohen and…

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    Contract can be defined as two or more groups reach a consensus with the condition of intention of necessary legal rights and the forced obligations by laws. There are two formats of contract, one is formal which is valid as a result of particular form, the other form is simple which is no specific form. The main difference of these two is whether the contract need to be supported by consideration or not. Power of Attorney which can be seen as an example of formal contract is enforceable…

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    The Social Contract Theory is an agreement between the people and the government that the people will obey the government as long as the government serves in a capacity that protects the rights of the people and furthers the good for the general will. Before we consent, we exist in the state of nature. In the state of nature, we follow natural law. Natural law comes from God. Natural law gives us our natural rights, which we are promised because of our personhood. Natural rights are rights that…

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    Business Tort and Contract Law Question 1 I. Dam Good as a business entity may be legally liable for the death of the pilot and the four passengers on board under ordinary and strict liability negligence. If the elements of these heads of tortious liability can be proved on a preponderance of evidence or on a balance of probabilities, then the estates of these victims could successfully claim from Dam Goods. According to Owen, in order to successfully prove liability in negligence, plaintiff…

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    2.3.1 Damages in Contract Law 2.3.1.1 Definition of damages Damages are monetary compensation for the damage, loss or injury that a party has suffered through a breach of contract. Damages for breach of contract are available as of right upon the proof of breach. 2.3.1.2 Damages under the Contracts Act 1950 Section 74 of the Contract Act limits a plaintiff’s claim for damages caused by a breach of contract. While Section 74(1) provides for damages occasioned in…

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    In Ancient Law, Sir Henry Maine explores the development of law and social structures while simultaneously examining historical findings and their implications. His famous claim, “the movement of the progressive societies has hitherto been a movement from Status to Contract” (Ancient Law, final sentence of Chapter 5), posits the stark contrast between law in the archaic world, which is based off “status” and law in modern world whose epicenter is “contract.” These differences aided in explaining…

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    Contract Law Essay

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    Omolola Fasayo Student Number 17231794 Words: 1500 LW118 Contract Law Problem Question Assignment Qu 1. Facts: Peig and Sarah entered a contract with Galway Bay Brewery. Galway Bay Brewery agreed to supply 100 kegs of beer a month for 6 months in exchange for €24,000. After a month Galway Bay Brewery because of broken machinery was only able to supply 60 kegs to which Peig and Sarah agreed to. After three months Peig and Sarah asked Galway Bay Brewery to supply the original 100 kegs per…

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    A Summary Of Contract Law

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    profits, losses and capital; and the matter of conflict occurs with solution . Section 5(1), described that every partner act is assumed as an authorised agent for carrying on the business’s purposes. For example, partner A will be bound into the contract involved by partner B, even though partner A did not agree to. Therefore, the statement of agreement should be minimised the future’s conflicts as much as possible, which is rarely chance as we cannot predict the…

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