This commercial law assignment solution addresses key contractual issues presented in the assignment brief, including consideration, capacity of minors, contractual misrepresentation, and legality. The assignment analyzes a scenario involving a motorist providing a tow to a stranded driver, exploring whether a contract was formed and the enforceability of a promise of payment. It then examines the capacity of minors and companies, focusing on a scenario where two individuals, Pete and Delwyn, seek a loan. The assignment further delves into contractual misrepresentation, analyzing fraudulent misrepresentation in a car sale and a gallery selling a sculpture, including the remedies available to the buyers. Finally, it considers the legality of restraint of trade provisions in a contract. The solution provides legal reasoning, case law references, and practical advice on debt recovery processes, offering a comprehensive analysis of the legal principles involved.
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