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Law of Valid Contract Assignment

   

Added on  2020-04-07

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Unit Code: Unit TitleAssignment TitleIssue: The issue that needs to be decided in this case is if a legallyenforceable contract has been created between Ben and Fiona and as aresult, if Fiona can seek the enforcement of the contract or seek remediesfor the breach of contract. Rule: A contract is not merely a negative and creating between two or moreparties. There are certain elements that should be present so that it can besaid that an agreement is a valid contract. For this purpose, it is requiredthat an opportunity made by one party. The offer needs to be accepted bythe other party. At the same time, the law content also requires that theparties to the agreement should also have the intention of entering into alegally enforceable contract. The consideration is another essential elementthat should be present to make an agreement, a legally enforceablecontract (Clarke and Clarke, 2016). Consideration can be described as theprice paid by the party. It is not necessary that consideration should be inthe form of money only. Apart from these requirements, the parties shouldalso have the legal capacity of forming a contract. The consent of theparties can appreciate it if there is any duress, undue influence or falsestatements made by a party (Khoury and Yamouni, 2010).In this way, an element that is essential for the creation of a valid contract isoffer and the acceptance of the offer. The law provides that a valid contractis considered to be created between the parties when one party has madean offer and the same is accepted by the other party. At this point, it needsto be noted that an offer needs to be distinguished from mere willingness totreat (Pharmaceutical Society of Great Britain v Boots, 1953). This is alsoStudent NameStudent NumberPage 1 of 5

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