UK Law Regarding Contracts Breach and Remedies

INDIVIDUAL ESSAY

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
Contract Agreement...........................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................1

INTRODUCTION
The study is about UK law regarding contracts breach and the remedies to it. This gives a
practical understanding of how the law is implemented and pertains to company and business
law. The ethical issues are addressed by the legal system and helps in corporate governance. The
study elaborates on the contract law, conditions, terms and agreement between parties obliging
the contract. The study also takes a case of breach contract in consideration where it discusses
remedies in case of breach contract and the recommendations on the possibilities within the cases
and necessary actions.
Before taking up the case of contract breach, here is a look at what contract is and what are the
types of breach of contract.
Contract Agreement
A contract to be valid has presence of three elements:
a) Agreement: It has to be between two parties in which one party is offering something to
the other party. This may be an offer to sell goods and services or offer goods and
services.
b) Acceptance: The offer should be in acceptance to the party offered and the terms of the
offer clearly understood (Andenas and Della Negra, 2017).
c) Intention to create legal relations: The parties intention for the contract should be
legally binding.
d) Consideration: Each party should be offering something as a form of good or service to
other. It is generally one party serving goods or services and the other giving money to
the other.
It will be thus called a legally binding contract. Although it is not necessary that contracts have
to be in written form except a contract of sale of land or property which has to be in written form
to be legally enforceable.
Talking about the time when contract becomes effective there should be firstly acceptance of
offer and consideration i.e. payment has transferred from one person to another. The acceptance
of offer is there when the offer is agreed in words or by conduct (Eller, 2020).