Contract Law Sample Assignment

Added on - 11 Jan 2021

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Business Law1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................62
INTRODUCTIONContracts are the most significant part of laws. Either it is business or other field,contracts are use to bind the parties to perform those acts for which they are being paid. Acontract is an agreement which is enforceable by the court. This report is about providing legaladvice to Juan who is a young entrepreneur, owner of super-foods smoothie stand. He alwaysbuy contents for his product from an organic farmer, Crystal. Juan called Crystal to know theprice of kale in return she was informed about the price and availability of the product.Immediately Juan faxed her and place this order in it but she was out in farmer's convention. Andduring such event she sold the two boxes to another party and know Juan has no idea where toget his kale from. The case is about the existence of a valid contract between the parties andadvising them related to such incident with relevant laws and reasons.MAIN BODYLaws are derived from various sources. Similarly, contract laws are the essence ofstatutes and ordinance enforced by the state. Contract laws in UK are regulated by the EnglishContract Law. It came into existence during the industrial revolution and the social legislation ofthe 20thcentury. The European contract laws are the essence of Ancient Athenian and RomanLaw. Not all agreements are contract. In certain cases an agreement is deemed to beunenforceable until and unless it comes in the ambit of those statutes which regulates contractlaws. Generally there are three sources to create a law in UK, the legislature, the European lawsand the courts. The courts are considered as secondary source of laws while the other are theprimary sources for its creation. Also there is process for making a law that is a bill is proposedin the parliament in it s First Reading, in the Second reading debate and discussion related to theproposed bill takes place and after that it is forwarded to a committee to find out any error in it isReport Stage. Then the bill is transferred again to the legislature for the final decision, it isbasically done to think over any amendment which could be done in the proposed bill, in it ThirdReading. A bill become 'An Act of parliament' after it gets the Royal Assent. Similarly. Statutesrelated to contract are being regulated by such procedure. For enforcing a law it is essential tocomply with sources and procedure as mentioned above. The statues that regulates business inUK are Companies Act 2001, English Contract Laws, Supply of Goods Act, etc. (Alix AdamsBagley, C.E., 2010)1
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