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| Words: 5858 | Submitted: 22-Apr-2011
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Descriptionabout common law
A contract is an agreement between two or more parties which is supported by consideration and enforced by law.
Agreement is an offer, acceptance to create legal relations, legal capacity.
DIFFERENT OF BUSINESS AGREEMANT :
According to their subject matter. E,g Contract of sale of goods land, insurance employment, consumer credit etc.
According to their parties. E,g commercial & noncommercial contracts.
According to their form (whether contained indeed on in writing,whether express on implied) e,g formal and informal contracts.
According to their effect (whether bi-lateral or unilateral,whether valid,void,voidable or unenforceable.) (Chitty on contracts 30th edtn vol 1)
REQUIRED KEY ELEMEANTS:
contract: 1. Agreement
Consideration 3. Enforced by law
To determine we need to full-feel between John and Robert. we need to full-feel the following requirement .
OFFER: an offer as expression of willingness to entering to a contract on certain terms.( stores v Manchester city council )
According to the definition it’s an offer because there some evidence like John phoned Robert and offered $5000 for the ovens and an email where was mentioned that no need to reply.
ACCEPTANCE: An acceptance is ...
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