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Legal Issues and Solutions

   

Added on  2023-01-23

9 Pages2093 Words34 Views
1
Contents
Solution 1.........................................................................................................................................2
Part A...............................................................................................................................................2
Issue.............................................................................................................................................2
Law...............................................................................................................................................2
Application...................................................................................................................................2
Conclusion...................................................................................................................................2
Part B...............................................................................................................................................2
Solution 2.........................................................................................................................................3
Issues............................................................................................................................................3
Law...............................................................................................................................................3
Application...................................................................................................................................3
Conclusion...................................................................................................................................4
Solution 3.........................................................................................................................................4
Part A...............................................................................................................................................4
Issue.............................................................................................................................................4
Law...............................................................................................................................................4
Application...................................................................................................................................4
Conclusion...................................................................................................................................5
Part B............................................................................................................................................5
Solution 4.........................................................................................................................................5
Issue.............................................................................................................................................5
Law...............................................................................................................................................5
Application...................................................................................................................................6
Conclusion...................................................................................................................................7

2
Reference List..................................................................................................................................8

3
Solution 1
Part A
Issue
Whether the signing of Head of Agreement results in an obligation over Tina?
Law
A contract is made when an agreement is enforced in law.
An offer is the intention or wish of the offeror which is conveyed to the offeree for his approval.
The approval to the offer by offeree is acceptance Smith v Hughes [1871].(Latimer, 2012)
The contract terms must be complying with by the parties. At times the compliance of contract is
subject to approval of solicitors. In Masters v Cameron (1954), when the parties obligate
themselves with the terms either orally or by formation of an agreement and the only
requirement is to form a formal contract then, even if solicitors approval is required still the
contract is binding upon the parties (HelmosEnterprises Pty Ltd v JaylorPty Ltd (2005).. (Graw,
2012)
Application
A negotiation is made by Jeff and Tina wherein they agree to all the terms. A formal agreement
is made by Jeff who submits that the approval of solicitor is needed. Later Tina denied.
However, it is submitted that when the terms are decided then both Jeff and Tina intent to
construe with the term without any other additions or alterations. Approval of solicitor was a
mere formality. Thus, there is a binding contract.
Conclusion
There is a binding contract amid the parties and there is no change in the structure of the contract
with the requirement of solicitor’s approval.
Part B
If Tina requires to attain finance prior to the formation of an agreement, then, it is a condition
upon which a contract is to be prepared and thus in such scenario there is not a valid contract
amid the parties.

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