Evaluation of Contractual Agreements among Parties

ASSIGNMENT

Table of Contents
Introduction......................................................................................................................................3
Evaluation of agreement among parties..........................................................................................3
Case 1 Steve and Polly................................................................................................................3
Case 2 Albert, Steve and Kate.....................................................................................................4
Conclusion.......................................................................................................................................5
References........................................................................................................................................6

Introduction
A contract is enforced when both the parties voluntarily and legally agreed on the binding
agreement. Contractual agreements are enforceable by law as they are appropriately accepted
and hold up by the requirements of law. For making an agreement, various transitions are taken
into account for example: exchange of goods, services, currencies and assurance and promises.
Whenever the situation occurs, where the contract is breached by other party than the law is
obliged to assure that compensation is provided to the injured party. The court provides the legal
remedy in order to pay for the damages those happens because of cancellation of contract. In
present case study agreements within the parties are analyzed to make a decision regarding its
legal enforceability and validity. Apart from this, the presence of the contract within the parties
is evaluated and is examined by considering the existence of important aspects that are connected
with contract. A fact such as offer, acceptance, postal rules, binding contact, and invitation to
treat are analyzed in detail relating to case and is further supported by justifications, details,
explanations, reasons to explore the appropriate conclusion.
Evaluation of agreement among parties
Case 1 Steve and Polly
In accordance with the facts of the case the following agreement within the Steve and Polly is a
valid contract. The advertisement is generated by the Steve, as he is a professional consultant
and will provide a financial advice to the customers. Further, whosoever will recommend him to
third parties will receive discount or gifts. Therefore, it can be assessed in specified case
advertisement is invitation to offer and not offer is given to the parties. There is a huge
difference between the offer and an invitation to treat. Contract will be the binding contact when
there is both acceptance and offer between two parties. Offer is the binding agreement within
two parties on the other hand invitation to treat is just an invitation of an offer (Smits, 2017).
The concept of invitation to treat is explained in a case study, the same has been discussed below
that is Partridge v Critenden (1968). In the above case law , Partridge has made an
advertisement in the magazine “Cage and Aviary Birds”, beneath “Classified Advertisements”,