Rental agreement

Moonbeam and Tang both have rights and obligations regarding the June instalment as one buyer’s right is a seller’s obligation and vice versa. Both parties are contracting states and thus the Contracts for International Sale of Goods (CISG) is applicable to this question. A contract is formed when acceptance of an offer is met according to the CISG. As per Art14 Moonbeam clearly accepts Tang’s offer to purchase the hairdryers as Moonbeam’s intent to be bound is evident through agreeing to sell…

A contract is an agreement that legally binds the parties involved. Alternatively, it can be defined as a promise or a set of the same that are enforceable by law. By getting into an agreement, parties acquire obligations and rights which are enforceable by the court of law. The main method through which such agreements may be enforced is by the award of damages although in many cases the court may order the defaulting party to perform a specific action to compensate the aggrieved party. In…

This is seen in the case of M v M, where a prenuptial agreement between the parties was existing; however this reduced the wife’s final award. The courts applied the principle used in K v K where the courts “set out pertinent factors which were necessary to determine whether the agreement was binding or influential”. Having considered the questions, the courts held the wife’s entitlement to a lump sum of £125,000. The agreement had been settled for a lump sum of “£100,000 within 5 years of…

Introduction There are two issues on which Stephanie requires advice - whether the barge is a chattel or a fixture and whether there is a valid contract in place between herself and Wangle. If the barge has become a fixture of the land and the contract meets all the necessary formalities, then Stephanie may have a legal right to the barge and may have a cause of action against Wangle if he refuses to go through with the transaction. Distinguishing between Chattels and Fixtures The Law of…

“lazy way of managing the balance sheet” (Mensah, n.d.). A repo agreement involves temporary transfers of securities with an exchange in cash, which would be settled when the borrower repays the money with an agreed interest rate and repossesses the securities. In the legal perspective, the legal title of the securities shifts from Lehman Brothers to its buyer until the occurrence of repurchase. According to the repurchase agreement, it is accepted as a secured loan liability on the balance…

The Uniform Prenuptial Agreement Act provides that a premarital agreement is not enforceable if the party against whom enforcement is sought proves that: (1) That party did not execute the agreement voluntarily; or (2) The agreement was unconscionable when it was executed and, before execution of the agreement, that party: (i) Was not provided a fair and reasonable disclosure of the property or financial obligations of the other party; (ii) Did not voluntarily and expressly waive, in writing,…

The Munich Agreement and the Anglo-German Declaration For some European powers at the time, The Munich Agreement and the Anglo-German Declaration was considered to have achieved peace in our time. Unfortunately, the great claims of Neville Chamberlain did not come true. These agreements only delayed the evitable between the great European powers and allowed Hitler to gather more territory with relative ease. This document between the powers of Germany, United Kingdom, France, and Italy outlined…

allegations, the contract images, and a review of Texas Contract law. Based on the language and the images of the contract, I don’t believe there are any defenses specifically stated. There is no termination clause that would allow Ms. L to end the agreement. Additionally, it doesn’t appear that there is a breach of contract with regard to the services that Ms. Lowe was to receive. Ms. L may have a claim for fraudulent inducement. Fraudulent inducement has four elements: (1) false…

The Choice Between Family or Fantasy Imagine having to decide between remaining with your family or moving across the world with the love of your life. Eveline has been suffering from a multitude of issues at home and is now seeking an escape from her problems with her boyfriend Frank however, once she agreed to live with him to Buenos Ayres she began to second guess her decision. Ultimately, Eveline realized that she would be taking a major risk in leaving to Buenos Ayres with Frank,…

helpful to set out the four basic steps to convey a property, which is negotiation and agreement, formation of contract and exchange of contracts, transfer or conveyance of the Legal Estate and registration . The negotiation and agreement step does not have any effect in law because the buyer can view the property and decide to buy it resulting in a “subject contract” where it is not a legally binding agreement; either party is free to…