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Contract Management Process

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Added on  2019-12-17

Contract Management Process

   Added on 2019-12-17

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Aspects of Contract
Contract Management Process_1
Table of Contents1.1 Essential Elements:.............................................................................................................................4Different essential elements of a valid contract:.....................................................................................41. Offer and Acceptance. ........................................................................................................................42. Intention to Create Legal Relationship. ..............................................................................................43. Certainty of Meaning...........................................................................................................................4Offer: .......................................................................................................................................................4Acceptance:.............................................................................................................................................5Case: Carlill v carbolic smoke ball co [1893] ...............................................................................................5Fact: ........................................................................................................................................................5Held: .......................................................................................................................................................5Intent:......................................................................................................................................................51.2 Unilateral and Bilateral Contracts:.........................................................................................................61. Unilateral Contract:.............................................................................................................................62. Bilateral Contracts:..............................................................................................................................61.2.1 under Seal (Deed) and simple contracts:........................................................................................61.2.2 Written contracts and verbal contracts:.........................................................................................6Written contract:.....................................................................................................................................61.2.3 Face to face and Distance Selling Contract :...................................................................................7Face to face contract:..............................................................................................................................7Distance selling:.......................................................................................................................................7Written contract :....................................................................................................................................7Contract by conduct:...............................................................................................................................71.3 Express terms and Implied terms:.........................................................................................................8TERM:......................................................................................................................................................8KINDS OF TERMS: ....................................................................................................................................8Implied Terms: ........................................................................................................................................8Express Terms:.........................................................................................................................................81.3.1 Conditions, Warranties and Innominate terms:..............................................................................8Conditions:...............................................................................................................................................8
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Warranties:..............................................................................................................................................9Innominate terms:...................................................................................................................................92.1essential elements to the scenario:........................................................................................................9Scenario:..................................................................................................................................................93. Exclusion clause :...............................................................................................................................104. Warranties: .......................................................................................................................................105. Conditions: ........................................................................................................................................102.3 remedies are available to Eric :...........................................................................................................111. Cash DAMAGES. ................................................................................................................................11(a) Methods of Computing. ...............................................................................................................113.1 Contrast liability in tort with contractual liability:.............................................................................121.Occur due to formal agreement:........................................................................................................122. Result of law.....................................................................................................................................123.2 Liabilities of negligence........................................................................................................................13Negligence: ...........................................................................................................................................133.3 business can be vicariously liable:.......................................................................................................14Vicarious liability: ..................................................................................................................................14Professional negligence:........................................................................................................................144.1. Element of Tort of Negligence............................................................................................................154.2 Application of the Law.........................................................................................................................15References: ...........................................................................................................................................16
Contract Management Process_3
1.1 Essential Elements:In order to form a contract valid, it is necessary to consider certain elements which are elucidate below.Offer: Offer can be termed as the process of interaction with a motive to enter in a bidding by one party to the another. It is the initial stage in order to formulate a legal contract.Acceptance: A valid contract formulate during the acceptance of an unconditional offer. A symmetric side has been propounded in the case of Scammel & Nephew v. Ouston(1941). Free consent: The consent of all the parties are necessary in order to make a valid contract. Although, taking accent to say yes by wrong practice or wit\h wrong intention is considered as the illegal contract.Consideration: It is another vital factor which essential for formulating a valid contract. Howsoever, consideration is important and must be lawful. Different essential elements of a valid contract:1.Offer and Acceptance. For the creation of valid agreement, it should be a legal offering form the first party and the credence ofthe another once.2.Purpose to Appoint Lawful Relation. If the intention of the parties are not to make a contract then there is no pint of contract.3. Parties capacity: A capable contract must made by the parties with an agreement. Accordingly, stated people cannot competent the contract(a)People below 18 years (b) An individual who is not of sound mind.(c) individual ineligible by law to which they are subject.3.Certainty of Meaning.
Contract Management Process_4

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