Contractual Liability and Negligence
Added on 2020-10-04
10 Pages2441 Words31 Views
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Business Law
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1PART 2............................................................................................................................................4Overview or issue of the case......................................................................................................4A..................................................................................................................................................4B...................................................................................................................................................5C...................................................................................................................................................5D..................................................................................................................................................5E...................................................................................................................................................5F...................................................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTION In Australia, several laws have been introduced by the concerned authority with themotive to offer protection to innocent party in against to the wrongdoings of others. Australianlaws entail that for developing lawful relationship, contractual parties need to satisfy all theessential aspects such as offer, acceptance, consideration and legal intention. The present reportis based on different case situations which will shed light on the laws and precedent judgmentsregarding mis-presentation, offer and invitation to treat. PART 1Issue: Given case scenario presents that Sam decided to sell his laptop such as Delta Z2and for this purpose, he placed an online advertisement. In this, Sam mentioned all the detailsonline regarding price, condition and amount. Hence, Danny showed his willingness in relationto purchase laptop @ $700. In response to the same, Sam entailed that he will send such laptopwith a bag @ 800. Thus, mail was sent by Danny to Sam that shows\acceptance in relation topurchasing laptop. Further, in mail, Danny depicted that he will make payment in the form oftwo installments. Such condition has agreed by Sam and he sent bank details to Danny for thepurpose of getting payment. However, on the next day, Danny received a call from Sam andfound that owner had already sold laptop to another buyer. In this, Danny stated that he wasunhappy from the action taken by Sam and said that contract has been formed in between boththe parties. Thus, in this, the main issue is to ascertain whether contract would take placebetween Danny and Sam or not. Law: On the basis of Australian laws, for contract formation, there must be an agreement(offer & acceptance), consideration, capacity of the parties, intention of legal binding, formalitiesas well as certainties. In the case of AGC (Advances) Ltd v McWhirter1, it has found that offer and invitation totreat highly differ from each other. Court entailed and held that under invitation to treat, sellerhas right either to accept or reject offer made by other. Moreover, under invitation to treat, partydoes not want to enter in a legal binding without further negotiation.1AGC (Advances) Ltd v McWhirter (1977) 1 BLR 94541
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