Commercial Law

Running Head: COMMERCIAL LAW 0
Commercial Law
Student’s Name
9/18/2019

1
Contents
Overview..........................................................................................................................................2
Question 1........................................................................................................................................2
Issue 2
Rules 2
Application 4
Conclusion 5
Question 2........................................................................................................................................5
Issue 5
Rules 5
Application 5
Conclusion 6
Question 3........................................................................................................................................6
Issue 6
Rules 6
Application 6
Conclusion 6
Question 4........................................................................................................................................7
Issue 7
Rules 7
Application 7
Conclusion 7
Question 5........................................................................................................................................7
Introduction 7
Discussion 8
Conclusion 9
References......................................................................................................................................10

2
Overview
A contract is a binding agreement on all the parties of the same and gives them the right
to held each other liable in a legal manner. The common law of contract outlines many
factors/elements without which an agreement cannot be turned to a contract. It means these
factors are mandatory elements of a contract. The presented report answers five different
questions based on different issues. First four questions will be case study based question
whereas 5th Question will be related to a different topic. In the answer to the 5th question, the
report will check different dispute resolution methods and advantages and disadvantages
associated with them.
Question 1
Issue
The issue is to check the presence or absence of a contract in the given case. If a contract
was formed then who are the parties to the same and at what time the subjective contract was
formed.
Rules
Csertain elements need to be there in each contract hence to say that these are essentials
of a contract and mandate to exist. Starting the discussion of these factors, this is to state that the
same are mentioned below-
Offer: - As the name of the element implies it is a proposal where one party propose
others to do certain things or not to do so. Firstly, a valid offer is the one, which is legal and
properly communicated to the offeree. It means an offer must be addressed to the specific and
identified person. If a proposal is open to all then it is treated as an invitation to treat and not an