Contract Law Assignment Essay Example | Topics and Well Written Essays - 1500 words

Contr coiffe Law Assignment - Essay ExampleConsequently, statutes of the cartel law coiffure as the custodian of the rights of the parties to the contract. The Law of Contract is intended to ensure that what a man has been led to look to shall come to pass and that what has been contractd to him shall be performed.1 (Anson, 2002, p. 3) A legal contract requires some specific basis for its proper implication. Before em nixking upon the terms of the contract, it give be worthwhile to explain few terms of contract law, essential to understand the valid contract, which are as under Offer2 When one somebody signifies to another his willingness to do or to abstain from doing anything with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal. However, the gap must be unconditional and full one in record, without containing any ambiguity in its nature or scope. For instance, A offers B to bargain one of his properties against an gra b amount, which does not make a clear offer because neither the particular phratry to be sold is manifestly mentioned, nor does there exist any clear description of the amount against which the fellowship would be sold. An offer may be specific or general it is specific in nature when it has been made to a specific person or party. For instance, C offered D to enter into joint go of managing an event at a hotel. Instead of D, E accepted the offer. It was held that since E had not been communicated in honour of accepting the offer, there did not create any legal liability between C and E altogether. Acceptance3 When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. exchangeable offer, acceptance should also be made in an adequate manner, and without any condition that could impose bar on the actual offer. For instance, if A has offered to sell Bs laptop at $ 2000, and if B agrees to get the same at $ 1800, it would not be stated as acceptance. Moreover, mode of acceptance should also be proper one. For instance, A has made an offer through the e-mail, the same could be accepted through the mail mail, e-mail, telephone or text message etc. Additionally, acceptance should be made within an appropriate time period otherwise, it would become time-barred. For instance, C made an offer of entering into partnership with D in an export-import business in June 2008 D did not reply to the offer till November, 2011. It was held that making acceptance of the offer after three and half years could not make the parties bound under the Contract Law, as D would have to enquire a fresh offer for the same. Agreement4 Every promise or every set of promises forming the consideration for each other. Agreements may be either hearty or legal in nature. If an symmetricalness has been made with the intention of entering into legal relationship, it would be legal one. And if the parties to the agreement do not have any in tention of legal remedies, it would be just a social agreement. For instance, X invites Y to attend his marriage ceremony, and Y accepts the same. However, if Y is unable to attend the same, there will be no legal remedy for the same due to the nature of agreement, which is social one. In Balfour v. Balfour5, a husband had promised to pay his married woman monthly pocket money during her illness. Somehow, he did not observe the same. The wife sued for the recovery of money. It was held that the contract was domestic and social