Contract Law Rules and Regulations Assignment

COURSEWORK

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
1. A) Explain the contract Law and what are the requirements for a valid contract to be
formed?........................................................................................................................................1
B) Would Ringo be liable to pay Paul based on the facts above?...............................................2
2 In light of the facts above, discuss the criteria that Jerry (as the claimant) would need to
satisfy in an action for negligence. .............................................................................................3
3) Explain the business mediums available to the Ringo and his friends....................................4
4. Describing why it is important for Ringo, John and Yoko to identify the correct
employment status of any worker................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Law is that system which is created and enforced by the social and governmental institution
in order to regulate the behaviour. On the other side, business law is that body which mainly
governs the business as well as commerce and it also deals with both private and public law. In
the same way, report's main aim is to understand the meaning of law and rules and regulations
that needs to be comply by the business managers for smooth functioning of a business. The
report is based upon the case study of Elixir Gardens which is a sole trader and study will
describe the contract under the English and Wales by presenting the requirements for a valid
contract. Further the report will also describe the criteria in which Jerry need to satisfy in an
action for negligence. Moreover, study describe the main business medium which is available to
Ringo and his friends John and Yoko with pros and cons
MAIN BODY
1. A) Explain the contract Law and what are the requirements for a valid contract to be formed?
As per the Law of England and Wales, Contract is the mutual agreement which takes place
between more than two parties. Generally, the contract formation begins with the offer from one
party to the another and ends with the acceptance of the offer by the other party in the agreement.
Contract is generally formed on the basis of the consideration i.e. payment. As per the English
court law a body which regulate the contracts in England and Wales there are five minimum
criteria which has to be full field by the contract to name as the contract in the eye of the Law
(Poole, 2016). Criteria is as follows:
Offer: It is the basic requirement of the contract in which one party should present the
offer to the other for giving the services in exchange of the money.
Acceptance: It is the most important requirement to make a contract that other party
should accept the offer proposed by the offering party.
Agreement: English Court always looks at the agreement as the primary requirement to
call a contract a legal contract. As it is mandatory for the contract to have an agreement between
the two parties in which one party should have made the offer to the other party and the other
party must have accepted the offer to bind the legal contract in the eye of the Law. Agreement
can go through any method of the communication, whether oral, by phone, through telex, fax or
email.
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Contractual intension: As per the law, the agreement is basis of the contract but all the
contract are not enforceable, so it is mandatory for the party to legally intend to bind the
agreement and the parties. It is mandatory for both the parties to agree on legally binding the
agreement so that it is called as a legal contract (Beale and et.al., 2019). For example: If the
contractor is ready to bind in the contract and the party is not intended to do the same then the
contract is invalid.
Consideration: It is the last requirement of the agreement to call it as a legal contract.
This requirement defines that there should be consideration which should be given by one party
to the another. Consideration is the amount given to complete the contract. Consideration can be
given immediately or can be promised to pay in future. The consideration cannot be negotiated
once the contract is form and the rate of the consideration cannot be changed (Requirement for
Legal Contract, 2019).
B) Would Ringo be liable to pay Paul based on the facts above?
Their was a agreement between Paul and Ringo in which Paul has offered the services to Ringo
and Ringo has accepted the offer of the Paul to mow the Lawn on the Weekend. Paul as per the
promise has offered the services and has mowed the Lawn for Ringo but afterwards Ringo
refused to pay the consideration (money). As per the Law there are some responsibility of the
Contractor such as:
 Contractor are bind to pay the consideration as decided
 Contractor are having the Right to monitor and see the Task performance
 Contractor are having the Right to claim the penalties in case of the task is not performed
by the other party
As there are three main requirements which need to be passed by all the contract to called it
as a legal contract. The above contract Between Ringo and Paul matches two requirement of the
legal contract i.e. agreement and Consideration but does not justify the contractual intension. As
in this case the third criteria is not passed by Ringo, he is not liable to pay any consideration to
Paul as the contract is not legal in the eyes of law (Andrews, 2015). If in this case the agreement
mentioned about the contractual intent by both the party than Paul can file a case against Ringo
to claim the 10 GBP as per the right of the party and Ringo will be forced to pay the money and
Ringo has to bear the penalty charges for not following the rules according to the English
contractual law.
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