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Australian Contract Law - PDF

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Added on  2020-10-23

Australian Contract Law - PDF

   Added on 2020-10-23

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Australian contract Law
Australian Contract Law - PDF_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3MAIN BODY ..................................................................................................................................3Principles of contract law ...........................................................................................................3CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7INTRODUCTION...........................................................................................................................1
Australian Contract Law - PDF_2
INTRODUCTIONContract law in Australia is mainly concerned with the legal enforcement of promiseswhich were made as a part of bargaining freely. It is the legislation in Australia which providescomprehensive coverage of all aspects of contractual agreements between parties. Contractagreement regulates the contractual relationship between parties. It highlights the differentrequirements which are required to be considered by parties in order to enter into legally bindingcontract. In context of Australia, contract law provides an individual with certain rights whichthey can use if other party fails to fulfil its obligations. The complete report is based on the case study of Jinxio where an individual have tiosuffer a loss due to lack of written as well as legally binding contract. In report principle ofcontract law will be highlighted. MAIN BODY Principles of contract law In context of Australia, contract law has emerged through decisions taken by Australiancourts in Existing cases. A contract can be defined as an agreement giving rise to legalobligations which are recognised by law. According to the contract law in Australia, both theparties are required to follow the certain principles in order to enter into legally binding contract,these principles are :Agreement between parties : The legally binding contract can not be unilateral. Existence ofagreement between two parties is analysed on the basis of rules related to offer and acceptance.In simple words, parties in order to enter into legally binding contracts need to follow the rule ofoffer and acceptance. That means one party has to make either oral or written proposal or offer toother party. In addition to this, other party is also required to accept the proposal or offer andthey are required to provide written consent. It is the rule which also states that both the partiesshould have intentions to enter into legally binding contract (Beale, Fauvarque-Cosson andVogenauer, 2018). In context of given case scenario of Jinxio, it has been analysed that Jinxiohas intention to enter into a legally binding contract but his uncle doest not seems to haveintention to enter into legally binding contract (Young, 2019). It is the offer which shows an individual intention by the offer or to bound withoutdiscussion or negotiation. An offer or in order to enter into legally binding contract are required
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