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Law and Business Obligations | Assignment

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Added on  2020-04-01

Law and Business Obligations | Assignment

   Added on 2020-04-01

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Running head: LAW AND BUSINESS OBLIGATIONSLAW AND BUSINESS OBLIGATIONSName of the StudentName of the UniversityAuthor note
Law and Business Obligations | Assignment_1
1LAW AND BUSINESS OBLIGATIONSTable of ContentsANSWER 1.....................................................................................................................................2ANSWER 2.....................................................................................................................................3ANSWER 3.....................................................................................................................................4ANSWER 4.....................................................................................................................................6ANSWER 5.....................................................................................................................................8ANSWER 6.....................................................................................................................................9References......................................................................................................................................11
Law and Business Obligations | Assignment_2
2LAW AND BUSINESS OBLIGATIONSANSWER 1ISSUEIn the case referred, the issue is whether there is an existence of a valid contract betweenSusan, the tea set owner and Mary?LAWThe basic requirement for a contract to be valid includes an offer, acceptance to the offer,consideration, lawful object and two or more parties. According to the law, not all contracts are necessary to be in writing, except a contractrelating to mortgage, land and guarantee. Nowadays there has been an increase in E-commercecontracts like contracts via social media, e-mails or text messages. At times, there are someformalities to be maintained in case of e-commerce contracts like inclusion of a digital signature,and others (Gillies, 2016).The contracts made via E-mails shall have the same effect as a written contract. Section 8of the Electronic Transaction Act, 2002 states validity of E-commerce contracts ("ElectronicTransactions Act 2002 No 35 (as at 01 January 2016), Public Act Contents – New ZealandLegislation", 2017). Section 11 and Section 13A comes into question. Woods v N J Ellingham & Co Ltd[1977] 1 NZLR 218. APPLICATION
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3LAW AND BUSINESS OBLIGATIONSIn the given case Mary had intended to buy the tea set from Susan, as a result there wasan exchange of e-mail id between the two. Mary had responded to the invitation to offer andmade a counter offer to buy the tea set at a lower price, which was rejected. Both Susan andMary had an intention to create legal relation in exchange of a consideration.The main issue with agreements via e-mail is that it is difficult to determine that when thecontract is formed, when it has been read by the recipient, the time of sending the e-mail andreceiving.Hence, in the given case there were elements of a valid contract. There was amiscommunication because Mary missed the e-mail message sent by Susan on the day beforeMary accepted the offer. The mail had already entered into Mary’s system which was kept forthe purpose of exchange of electronic communications. CONCLUSIONSince there were elements of a valid contract in the given case, the contract betweenSusan and Mary is valid. ANSWER 2ISSUEThe issue is whether Lagos Roofing Limited will succeed in a claim for $10,000 bonus ornot?LAW
Law and Business Obligations | Assignment_4

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