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Contract Law & Exclusion Clauses

   

Added on  2020-05-28

10 Pages2546 Words103 Views
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Running head: BUSINESS LAWQ & A on Contract LawName of the student:Name of the university:Author note
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1BUSINESS LAWTable of ContentsAnswer of part 1:........................................................................................................................2Issue:.......................................................................................................................................2Rules:......................................................................................................................................2Application:............................................................................................................................4Conclusion:.............................................................................................................................4Answer to part 2.........................................................................................................................5Reference:..................................................................................................................................8
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2BUSINESS LAWAnswer of part 1:Issue:In this given case, the primary issue is whether any contract has been formed inbetween Sam and Danny or not.The case is based on the formation of contract. Contract is a legally bindingagreement where both the parties are liable to each other to complete the terms of thecontract. Under the Contract Law, it has been mentioned that offer and acceptance are thetwo main base of contract and if the offer and acceptance are made legally, the contract willbe formed in between the parties. However, there are certain exceptions to the principle ofoffer. These exceptions are classified as invitation to treat, requests for information andstatements of intention (Calavita 2016). These terms are apparently looks like offer but thereare certain differences in between offer and invitation to treat. In this case, a thorough studywill be done on the different aspects of contract and the process of formation of contract aswell. Additionally, certain remarkable case studies have been made to strengthen the base ofthe approaches. Rules:The main issue of the given case study is based on the principle of invitation totreat and it is required to be considered whether a contract in between Sam and Danny hasbeen formed or not. There are certain differences have been present in between offer andinvitation to treat. If the offer has been accepted by the other party, it will form a contract.However, different situation is being created in case of invitation to treat (Yadav 2016).According to Andrew Burrow, the term invitation to treat denotes a readiness to negotiate(Burrows 2016). Therefore, if a person makes an invitation to treat, it does not mean that he is
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