Assignment on Management Law - Doc
Added on 2020-03-16
12 Pages2376 Words34 Views
Running head: MANAGEMENT LAWManagement LawName of the StudentName of the UniversityAuthor Note
1MANAGEMENT LAWTable of ContentsQuestion 1........................................................................................................................................3Issue.............................................................................................................................................3Rules............................................................................................................................................3Application..................................................................................................................................4Conclusion...................................................................................................................................4Question 2........................................................................................................................................4Issue.............................................................................................................................................4Rule..............................................................................................................................................5Application..................................................................................................................................6Conclusion...................................................................................................................................7Question 3........................................................................................................................................7Issue.............................................................................................................................................7Rules............................................................................................................................................7Application..................................................................................................................................9Conclusion...................................................................................................................................9Question 4........................................................................................................................................9Issue.............................................................................................................................................9Rule............................................................................................................................................10Application................................................................................................................................10
2MANAGEMENT LAWConclusion.................................................................................................................................10Reference list.................................................................................................................................11
3MANAGEMENT LAWQuestion 1IssueWhether the agreement between Tom and Susan was validRulesA contract becomes valid if both the parties satisfy the essential elements of the contract.The fundamental elements that render a contract valid are offer, acceptance, intention,consideration, free consent and legal capacity1. A party to a contract cannot be compelled toenter into a contract and neither a contract can be formed without the consent of the parties. Theconsent given by a party is not said to have been exercised freely, if such party was subjected toundue influence, fraud, duress or misrepresentation while entering into the contract. It isimperative for a contract to become enforceable that the parties have entered into the contractwith his/her consent.In the event, any party to a contract establishes that he has been subjected to duress whileentering into the contract, the party becomes entitled to avoid his/her contractual liabilities thatarise out of the contract. Under any given circumstances, duress arises if either party to thecontract compels the other party to enter into the contract by intimidating such party, his body orproperty or economy. In Barton v Armstrong [1973]2, the court observed that any person who isforced to enter into a contract under physical duress, such party is entitled to evade the contractirrespective of the fact that the duress caused was not the main reason why the parties haveentered into the contract. 1 Poole, Jill. Textbook on contract law. Oxford University Press, 2016.2 [1973] UKPC 27, [1976] AC 104.
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