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Assignment on Relevant Law | Issues and Application

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Added on  2019-11-20

Assignment on Relevant Law | Issues and Application

   Added on 2019-11-20

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1Cover SheetName of the studentStudent IDWord Count
Assignment on Relevant Law | Issues and Application_1
2ContentsSolution 1.........................................................................................................................................3Issues............................................................................................................................................3Relevant Law...............................................................................................................................3Application of law........................................................................................................................4Conclusion...................................................................................................................................5Solution 2.........................................................................................................................................5Issues............................................................................................................................................5Relevant Law...............................................................................................................................5Application of law........................................................................................................................6Conclusion...................................................................................................................................7Bibliography....................................................................................................................................8
Assignment on Relevant Law | Issues and Application_2
3Solution 1Issuesa.Whether the term 455 is a condition or a warranty? Can Qantas Airlines terminate thecontract on the basis that the terms are violated by Airbus Corporation Ltd?b.Whether the new term ‘‘Limitation of Liability’ is valid upon Qantas Airlines as the samewas incorporated by Airbus Corporation Ltd after signing of the contract?Relevant LawWhenever any two parties desire to establish a contractual relationship then they must form thecontract as per the legal requirements which include formation of an agreement (offer andacceptance) along with legal intention, party’s capacity and consideration. (CSU LAW220Modules, 2015, Topic 5, p 41)These parties (offeror and offeree) when are making a valid contract incorporates the rights andliabilities that are required to be furnished by them. These rights and liabilities that originatethrough a valid contract are called contract terms. The contract terms are normally essentials andsupplementary. On the basis of importance that the terms hold in any given contract, the contractterms can be classified as: (CSU LAW220 Modules, 2015, Topic 7, p 62)i. Conditions- Those terms without which a contract cannot be performed are calledcondition. These are the terms which are the main reason for which parties haveagreed to form a contract amid them. These are the core terms in any given contract.If these terms are not part of the contract then there is no reason as to why the partieshave established the contract in the first place. In the leading case of [ CITATIONAss51 \l 1033 ] the concept of a condition was rightly explained. Now, if any party to the contract is not able to comply with these conditions, then, thereason for which the contract is made cease to exist. Thus, it results in terminating thevery essence of the contract. So, the party who is not at fault has every right to cancelthe contract and claim damages from the defaulting party. The contract can beterminate and damages can be asked for if a condition is violated. ii.Warranties – The nature of these terms are supplementary or additional to the maincontract terms. These are not the terms because of which the contract was established
Assignment on Relevant Law | Issues and Application_3

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