Contract Law: Definition, Court System, Advice, and Remedies

Individual Essay

Table of Contents
INTRODUCTION ..........................................................................................................................2
MAIN BODY...................................................................................................................................3
ESSAY.............................................................................................................................................3
1 Definition of contract act and blue print of contracts...............................................................3
2. Court system relation to English legal system.........................................................................4
3. Advice to Hilary whether contract between it and other parties such as Eleanor, Amy and
Olivia .......................................................................................................................................5
4. Various remedies that are available to different parties..........................................................5
REFERENCES................................................................................................................................7
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·INTRODUCTION
Government has made various rules and regulation in order to protect people or residents
of country form various fraud conducted by businesses for earning more profit margin. Contract
law is one among them that helps in resolving conflict between two parties which may occur in
future circumstances. Companies need to have written contractual agreement in order to avoid
confusion and conflict and promote smooth operation of business. This report is an essay based
on case study of various individuals such as Eleanor, Hilary, amy and Olivia. So, it describe
about contract law, whether the contract binds each of the parties or not and several remedies
that are available to parties.
·MAIN BODY
·ESSAY
·1 Definition of contract act and blue print of contracts
Contract is written or verbal promise made by one party to other to accomplish
particular task and activities in specific manner in exchange of something. Parties that are
involved in contract needs to agree with each other on terms and condition for legal
implementation of law. In the contract one person make offers to another to purchase particular
thing at specific rates which is in return agreed by another individual to pay specific amount
(Stewart, Swain and Fairweather, 2019). It is most essential in business deals to avoid losses as
it determined rights, roles and responsibilities of each individual . Therefore, it can be stated that
contract is legal agreement made between two or more interested parties to complete specific
task for exchange of money.
Blue print helps in describing each element that are included in contractual agreements which
need to be abided by two parties. Such as:
Offers: The first and foremost that is required for valid contract between two parties is offer or
proposal by one individual to another to purchase specific products at particular prices. The main
objective or intention of giving proposal was to enter individual into legal contract such as in
first case Hilary offers to Eleanor printing press at £15000, office computer to amy at £1000
and at grand summer sales Hilary said that it would like to give painting of famous artist,
Trumpter at £1 to the first customers that enters in its gallery.