Assignment of Contract - Law of Contracts

Added on - Dec 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 3 of 9 pages
Law of Contract
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Defining contract and demonstrating English Law and Roman Dutch Law principles ofcontract...................................................................................................................................1TASK 2............................................................................................................................................2P2 Exploring elements of contract and factors affecting contractual liabilities...................2TASK 3...........................................................................................................................................4Compare.................................................................................................................................4TASK 4............................................................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONContract is major agreement that has been developed between two parties that will help inbetter rise in mutual understanding between parties that work with each or. A contract is legalbinding that ensures proper execution of trade activities between two or more concerning parties(McKendrick, 2014). Various legal operations have been taken by parties to mitigate restrictionsand shortcomings associated with contract and or operations related to it. Various principles andcontractual obligations have been discussed within firm and consequences on breaching ofcontract have been focused upon.TASK 1P1 Defining contract and demonstrating English Law and Roman Dutch Law principles ofcontract.P1.1 Contract and its formations and principlesA contract is legal agreement that help in proper and developing of a good mutualunderstanding of parties entering in a contract. English and Dutch legal system are quite similarand follow same obligations that have been taken in consideration by people in contract. Thebasic principles of contract involve following different elements like offering, acceptance,considerations, mutuality and obligation, assessment of competency and instrumentation. Theformation of contract involves following steps:Offering:it in providing of contract to concerning party to whom contract is concernedwith. It is condition when a concerning party is offering a treat or a bidding to apply forbusiness.Auctions:in this bidder sells or hand over commodity or asset in return of particularamount or entity. However, auctioneer has right to accept or reject proposal (Knapp,Crystal and Prince, 2016).Display of Goods:This is situation or practice where commodity or product has beendisplayed to or concerning parties. Based on view and assessment of quality, beforebuying.Advertisement:It is promotion of goods and services that will help in generatingawareness and insight among customers.1
Desklib Logo
You are reading a preview
Upload your documents to download or

Become a Desklib member to get access