Contract management

Contract law is a branch of law that deal with agreements signed between two or more parties usually in a business transaction which is legally binding and both parties have interests over it. All legally confined contracts should portray the necessary elements of a contract. One of the elements is mutual assent-the parties should agree on an offer and acceptance basis for the contract to be valid. There should also be consideration either by one party affirming that I will do as the contract…

to constitute consideration to form a valid contract. However, her promise maybe still be enforceable under the Doctrine of promissory estopple. Under Restatement of Contracts 2d, section 90, a promise is enforceable without consideration if a promise, which the promisor should reasonably expect to induce an action, or forbearance on…

1. “ A contract is an agreement which gives rise to, or is intended to give rise to, a binding legal relationship or which has, or is intended to have legal effect.” A contract can be a bilateral or multilateral agreement. It can be gratuitous (when only one side of the contract has to be preformed) or onerous (when both are). It is formed when there is consensus in idem, known as a “meeting of the minds” between the parties. This means that all parties must agree on the same terms of the…

One party making an offer which accepted by another party is the formation of the contracts. Theoretically, these contracts are divided into two types, unilateral and bilateral contracts, by different numbers of the parties who assume the obligation under the contract. The case Carlill v Carbolic Smokeball Company Ltd [1893] 1 QB 256 is a typical one for the unilateral contract, which, to some extent, influences the law of offer and acceptance. In nineteenth-century though, all contractual…

the letter arrived two days later on the 7th. Immediately after posting the letter to Musiclive, S4H discovered that Musiclive had a marketing contract with one of its competitors and emailed them informing them that they no longer wished to proceed. On the same day they emailed Promomusic informing them they would like to proceed with the marketing contract but Promomusic did not see the email until after the letter had arrived. The issue…

Countertrade is an important component for businesses and companies around the world who have adapted different practices of payment instead of using standard ways of using. The purpose of this essay is to discuss briefly on what countertrade is, the various forms of countertrade are and whether it is still practiced today. Firstly, to identify what countertrade is as explained by Keegan and Green (2015, p. 374) is when international markets are forced to pay exporters of goods and services by…

Case Study: Law of Contract Name Institution Case Study: Law of Contract Introduction This piece of writing is meant to prove Jim and Laura not answerable to any form involvement in any form of contract as claimed by Stan. In case of an attempt to enter into a contract the essentials of a contract must be adhered to. The prevalent essentials that would prove an occurrence of a contract are offer, acceptance, consideration, mutuality of obligation, competency and capacity,…

dispatched you will be able to track your order via a tracking link. 9. While we will endeavour to fulfil an Order, we will not be liable to any person if we decline to fulfil an Order, or we are unable to supply the Products in your Order. No contract for sale and purchase of Products will be formed, or variation or cancellation made, until we confirm acceptance of your order, variation, or cancellation. Some Products may be unavailable from time to time. However, we will advise you if we…

This question is concerned with the Unfair Contract Act 1977 and how it has been affected by reforms introduced by the Consumer Rights Act 2015. The Consumer Rights Act 2015 reforms the unfair contract terms in consumer contracts. This is covered in part 2 of the Consumers Rights Act which amends the Unfair Contract Terms Act 1977 in relation to business to consumer contracts and cancels the Unfair Terms in Consumer Contracts Regulations 1999. The Consumer Rights Act 2015 is an important piece…

Millennial women are more confident than any other female generation; women have an opportunity to control their career path by negotiating there work and life. A survey taken in 2015 proves that 21% of women negotiate their first offer; because of this women face a pay gap in nearly every occupation. According to Levo leagues 2015 survey 66% of women say they do not know how to ask for more, 63% felt uncomfortable negotiating, 58% were afraid of losing their jobs/ offer, 51% didn’t know they…