Business Law Assignment: Doctrine of Precedent, Contractual Agreements

This business law assignment addresses several key legal concepts. The first question examines the doctrine of precedent, its principles, and limitations. The second question analyzes a contract scenario involving intoxication and lack of intent, exploring the elements of a valid contract and the consequences of lacking intent. The third question defines and explains exclusion clauses in contracts, differentiating between limiting and excluding liability. The final question presents a scenario about a contract for construction materials, outlining the steps to determine the rights and duties of the parties involved, particularly concerning breach of contract and the provision of materials after damage. The assignment uses a four-step process for contract analysis, emphasizing agreement, intention, and consideration, and it concludes by referencing relevant legal sources.