Contract Law and English Legal System

Business law

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Contract law and blue prints of contract......................................................................................3
English legal court system and advise to above mention parties.................................................4
Discussion on different cases.......................................................................................................5
Remedies available to parties......................................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
The formation of contractual relationship has been identified as legal bond in between
two people who agrees on some legal term or promise. Contract formation helps in providing
security and peace of mind in different business dealing to all the parties involved in the
transaction (Beale and et.al., 2019). English contract law is the body regulating contract in state
of England and wales. this contract has inclusion of contractual liability, relation to the law of
property, good faith, burden of proof, defects, penalty clauses, arbitration clauses, remedies in
case of non-performance, damages. In this report, there will discussion on the English legal
system in relation to contract law. Hilary case will be discussed among three different parties and
various remedied available to Eleanor, Amy and Oliva.
MAIN BODY
Contract law and blue prints of contract.
Contract law is the body who govern, enforces and interprets the differ clauses of
agreements related in term of exchange of goods, service and properties or consideration. As per
the contract law, the agreements made between the two or more parties or business entities have
to make the certain promises to do something in return of gains or advantages which is legally
binding.
Contract act have covering of the clause for mitigating damages by the buyers when there
is the situation of breach of contract by seller. This is usually referring to the different situation
eh nth seller has agreed to sell particular goods to the buyer and fail to perform at specific time.
The valid contract has four important parts such as:
Offer
This is situation when one of party make offers by stating the terms in which other party
can agree for offer (Ben-Shahar and Porat, 2019). The situation of contract can be complete
when both sides have acceptance of offer on different team and condition.
Acceptance
Accepting another party offer makes the contract complete as the party have acceptance
of offer on term. If any of parties have different term included in contract without knowing to
another party then the contract will be turned out as null and void. So, it is important to both
parties have the acceptance of term in two way.
Consideration
3