Contract Law 2

CONTRACT LAW 2

Contents
INTRODUCTION.................................................................................................................................3
ISSUE....................................................................................................................................................3
RULES..................................................................................................................................................3
APPLICATION.....................................................................................................................................4
CONCLUSION.....................................................................................................................................5
CONCLUSION.....................................................................................................................................6
REFERENCES......................................................................................................................................7

INTRODUCTION
Contract law refers to the body of law which is mainly imposed upon the parties in
respect of entering into any agreement which is related to the business. In respect of entering
into any agreement parties must fulfill all the essential elements mentioned in the contract
such as they must be competent to handle the contract or there must be offer and acceptance
between the parties and also such contract must be entered on the bases of consideration. The
contract must be legally bound if the parties entered into the contract (Beale and et.al., 2019).
As all agreement are contract but all contract are not from to be the part of the agreement. In
this report, the case is based upon the two parties which is Bamaby Royce (BR) and Lulu
Lapin (LL) and the reason behind entering into the contract is relating to the ferreting out the
Rabbits from the BR property.
ISSUE
In this case the issues which is identified is relating to BR facing issues regarding
increasing the number of rabbits which is harming their carrots plantation. They entered into
the contract with the LL regarding reducing the number of the rabbits through undertaking
the Ferreting. The contract is made on certain condition that the operation is made on the 1st
august and it shall cease on 11 February. If the terms of the contract is not fulfilled on the
particular time period with the set time scheduling, then it results in termination of the
contract. The time scheduling from removing the rabbits in that area is that 90% in august
and 70% in September and similarly on January 10%. Thus, the issues which is raised in this
aspects is relating to not working under the set direction as 80% of the rabbits are moving in
the area in the period of November. The deal for payment is made by viewing the work
committed and then accordingly the payment is given to LL. In this case the issues relating to
termination of the contract is undertaken.
RULES
Under the contract act, the contract is such agreement which is made between the
partners if they are agreeing on certain points and conditions. If the parties enter into the
contract, they both are liable to perform the terms and condition mentioned in the contract.
To file the suit relating to violation of the contract, the parties must prove that they follow all
the essential elements mentioned in the contract such as:
Agreement: In respect of entering into any contract, it is necessary that parties must enter into
the agreement which is made by offering something and another party accept that offer. Thus,
they both enter into the agreement by exchanging some valuable things and also agree with
all the terms and condition mentioned in the contract (Bigwood and Mullins, 2018).
Mutual consent: It is necessary in the contract, that parties must mutually agree with all the
norms and condition which is imposed in contract. Thus the terms which is mentioned in
contract, must be agreed by both the party and also the mutual consent is necessary before
entering into any contract.
Competent parties: The contract must be entered by any person and thus it is necessary that
competency is to be maintained in respect of attaining stability to undertaken the terms of the
contract in right manner.