{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

week 4( 6 slices per page - ASSIGNMENT 1 BUSINESS AND THE...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 BUSINESS AND THE LAW CONTRACTS (Cont’d): Week 4 Terms and Vitiating Elements LEGT 1710: Session 2, 2010 Lecturer: Leela Cejnar 2 ASSIGNMENT 1 DUE NEXT WEEK: Week 5 (Week commencing 16 August, 2010) Hand to your tutor in your own tutorial Use Assignment Cover Sheet See back of Course Outline 3 ASSIGNMENT 2 Will available on Blackboard from Monday 16 August Due at beginning of Week 9 of session 2 – Monday 20 September, by 5pm 4 Requirements for a valid contract Intention to enter into a legally binding contract Offer and Acceptance Consideration or price Legal capacity Genuine consent Legality of purpose Any formal/procedural requirements must be satisfied 5 Week 3: Summary Essential elements of contract 1. The Offer Must be Intention/meeting of minds ( Clarke v Earl of Dunraven ) Firm promise • Communication Notice of Offer (Carlill v Carbolic Smoke Ball) Invitation to treat (Pharmaceutical Society of Great Britain v Boots) – Counter-Offers 6 Week 3: Summary 2. The Acceptance Must be in response to Offer (R v Clarke) Absolute, unqualified Any conditions must be fulfilled Clear and certain Express or implied (eg by conduct: Brogden v Metrop R’way Corp • Communicated (note: silence is not acceptance: Felthouse v Bindley) Postal Rule/Instantaneous communications
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon