Business and Corporate Law

Running head: Business and Corporate Law
Business and Corporate Law
Name of the Student
Name of the University
Author Note

1
Business and Corporate law
Table of Contents
Question No 1............................................................................................................................2
Part- A....................................................................................................................................2
Part B......................................................................................................................................3
Question No 2............................................................................................................................3
Question No 3............................................................................................................................5
Part A.....................................................................................................................................5
Part-B.....................................................................................................................................6
Question No 4............................................................................................................................6
References..................................................................................................................................8

2
Business and Corporate law
Question No 1
Part- A
Issue
The issue in the case is Jeff and Tina both entered into an agreement to sale Peach Brand
(Poole 2016). But at last moment Tina took back its intension to buy the business, so if she is
bound to buy the business as she had signed the Heads of Agreement.
Rules
As per the “Australian Contract law” A contract is valid if it has a proper agreement, and it
is signed by both the parties than it is turn into a contract (Andrews 2015). So if both parties
signed the agreement that are implied to complete the contract and if any of one party
changes its intension than it will be consider as Breach of contract. As per the case law of
(Walford v Miles, UK, AC, 1992) it was founded that they did agree with the agreement but
afterwards they denied the acceptances.
Applying Rules to the facts
The above rules is applied here as Jeff wanted to sale its business and Tina showed her
intension upon the purchase of the business (Klee 2015). So the intension upon the offer was
accepted and both have made the legal agreement and signed the agreement so they are
bound to perform as it satisfy all the criteria required for a valid contract.
Conclusion
On the facts provided in the above, Tina should perform the contract and should purchase the
business of Jeff and if she does not did these than Jeff can sue her in respect of breach of
contract. So to avoid the court proceedings she should accept the offer.