(Doc) Contract Law Case Study
11 Pages2573 Words282 Views
Added on 2021-01-02
(Doc) Contract Law Case Study
Added on 2021-01-02
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CONTRACT LAW,BUSINESS ETHICS ANDTERMS OF CONTRACT
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Question 1: .............................................................................................................................1Question 2: Discussing Rebecca's potential Liability regarding the Floweriest shops..........3Question 3: Type of term .......................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONLaws are the system of rules and procedure which are enacted by the government andimplemented on society and people to maintain ethical behaviours in the country. Laws aregenerally imposed on person and companies to work according to the government norms andthey are bound to follow the rules govern by the government. This helps companies and peopleto know their rights and can also file cases if their rights are infringement. Contract law is thatcontract which is made between the parties and they are legally bound to follow the rules whichare mentioned in the contract. This report includes the case of Daniel and Brandon and theiragreement under the contract. Further its includes the business entities' relationship betweenRebecca and Joel and their agreement regarding to start up business. Lastly the case studyrelating to terms of contract between the Dani and Steve regarding opening a beauty salon. MAIN BODYQuestion 1: Issue: In the case of Daniel V Brandon, Daniel entered into the contract with the Brandonregarding the construction of new swimming pool Paved and landscaped. They made anagreement with the contracted amount for $40,000 and Daniel will pay that amount at the end ofcompletion of work (Curtis and Clare, 2017). After work is completed there is mutualconsideration between both the parties that payment is settled with $25,000. But the issue arisethat after receiving the letter from Daniel regarding getting lottery For $500,000, Brandondecided to get the full payment of the work done. At the time of contract they both are mutuallyagreed with the payment which Daniel is offering but after receiving letter form Daniel, Brandonmind is changes and the demand for money is also increased for the remaining amount. Theissue is that Daniel is refusing to the pay amount to Brandon.Rules:Under the Contract Law, when both the partiers are entered into the agreement which islegally binding on the both the parties are legal in the eyes of law are termed to be contract.Various condition are fulfilled to enter into a valid contract (Contract Law in Australia, 2016).Under the contract law, the elements under which the valid contact is identifies is regarding tothe capacity of the parties and the agreement which they are entering is regarding toconsideration. The elements of the contract consist of offer, acceptance, consideration etc. 1
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