University Contract Law: Case Study Analysis of Forthryt and Sparkling

This assignment presents a detailed analysis of two contract law case studies. The first case examines the formation of a contract, focusing on the elements of offer, acceptance, and consideration, using the scenario of Forthryt's book publication and the offers received from different parties including Metro Publishers, Havoc Films, Boswold, and Pickwick. It explores whether a valid contract was created and at what point, considering the principles from cases like Carlill v Carbolic Smoke Ball Co and Smith v Hughes. The second case delves into the responsibilities and liabilities of a company director, Sarah, focusing on her actions and potential breaches of duty, including exceeding her borrowing limit and the implications of her actions under the Corporations Act 2001. The analysis considers the outcomes if the loan officer had been cautious regarding Sarah's appointment expiration and the transaction limits, and the legal consequences of Sarah’s actions. The conclusion of the first case is that a lawful contract was created by Pickwick and Forthryt and the conclusion of the second case is that Sarah was not a good and reasonable director.