Definition and Blueprints of Contract Law

Business law

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
1. Definition of contract law and all blue prints of contract........................................................3
2. Court system in relation to English legal system and advice or suggestion to parties court
that it have to pursue....................................................................................................................4
3. Advice related to binding contract between various parties....................................................5
4. Suggestion of various remedies that are available to parties...................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
There are numerous rules, regulation and policies made by government of United
Kingdom to monitor and control operation of business so that no harm can be caused to other
individuals in society. Business includes varieties of activities that need to be carried out to
delivered best services to customers so that company can earn maximum profitability. The report
is about three different case study related to contract law such as Hilary, Eleanor, Amy and
Olivia. It have highlighted pointed related to definition of contract law, its blue print and English
legal system which can be pursue to resolve various issue arising between them. It has also
suggested some of the remedies which could be used by various parties involved in case study to
save themselves from extra cost, damage or penalty.
1. Definition of contract law and all blue prints of contract
Contract law can be defined as legal binding promise between two or more parties to act
in particular manner or fulfil its obligation, duties and responsibilities as specified in the contract.
The law also specifies various remedies or solutions that are available in case of breach of
contract or one party does not fulfil its responsibilities (How to form a valid contract, 2019).
Contract can be written or oral but it is better to have written agreements between two parties for
valid proof to avoid conflict in future circumstance. Blueprint of contract law can be illustrated
as follows:
Offer: It is one of the most crucial elements of contract which stated that one individual should
offer something to provide to other individual. Person may offer for products or services by way
of advertisements in newspaper, television or any other medium so that interest party can accept
it for satisfaction of its needs (Cirlig, 2016). For example: In above three cases, Hilary have
make offered to all three parties that is Amy, Olivia and Eleanor to purchase office computer,
famous artist painting and printing press respectively at particular price.
Acceptance: In order to be valid contract, the offer must be unconditional and can be easily
communicated to another person at the same time negotiation between various parties are not
termed as acceptance rather it is known as counter –offer. Such as out of three above case study
only Amy have agreed to make purchased of office computer at £1000 while all other individuals
reject the proposal.
Consideration: It is compulsory for parties to exchange some value in order to make contract
valid and legally binding to various individuals (Callison and et.al., 2018). Consideration should
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