BUSINESS AND CORPORATION LAW.
Added on 2019-11-08
9 Pages2249 Words152 Views
Running head: BUSINESS AND CORPORATION LAWBusiness and Corporation LawName of the StudentName of the UniversityAuthor Note
1BUSINESS AND CORPORATION LAWTable of ContentsQuestion 1........................................................................................................................................2Issue.............................................................................................................................................2Rules............................................................................................................................................2Application..................................................................................................................................3Conclusion...................................................................................................................................4Question 2........................................................................................................................................5Issue.............................................................................................................................................5Rules............................................................................................................................................5Application..................................................................................................................................6Conclusion...................................................................................................................................7Reference.........................................................................................................................................8
2BUSINESS AND CORPORATION LAWQuestion 1 Issue According to the case study the issue is arise about the what steps would be QantasAirlines Ltd will take for the legal positions where they make the contract with AirbusCorporation Limited?Rules According to the case study the Qantas Airlines Ltd signed a contract with AirbusCorporation Limited for building a new airplane therefore in this matter both of them hat agreedwith the legal bindings and one party has make the offer the other party is accept the contract. Inthe case of smith and hugs the it has been found where the both of the parties has legally blindwith offer and acceptance as per the terms of contract (McKendrick & Liu, 2015). The case of Smith v Hughes the court has found that the parties have accept the offeraccording to the terms of the contract. In the case of Empirnall Holdings Pty Ltd v MachonPaull Partners Pty where the court has found that the parties has legally binding in a contractwhere they do not have any knowledge about the terms of contract however it make the contractvalid. Therefore it can be said that according to the terms of contract an offer and acceptance isone of the important part or terms of the contract where party must make a mutual considerationand sell it legal objects and must have the real intention to from the contract (McKendrick & Liu,2015). Therefore according to the case study the L’Estange v Graucob terms of contract hasbeen made where a condition is also made and as per the condition the parties failed to accept the
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