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A valid contract formed when offer, acceptance and consideration taken place. In Joshua’s case, there is a valid contract between Robert and Joshua. S.2 (a) Contract Act 1950 (hereinafter referred to as CA 1950) stated that when one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to the act or abstinence, he is said to make a proposal. An offer is made by one person to another with the intention to be...
Introduction This assignment has brought forth all the various aspects of business law and its environment. In this assignment I have undertaken a critical analysis of Statutory Interpretations as my chosen sources of law and will explain it in detail with regards to relevant statutes. I furthermore apply my basic knowledge of business law and use it to the advantage of the party I will be advising concerning the scenario set. Part 1: A (statutory interpretation) Why is it that we need rules...
Evaluate this statement by reference to the nature and purpose of Equity today. The term “equity” is in a general sense, associated with notions of fairness, morality and justice. It is an ethical jurisdiction. On a more legalistic level, however, “equity” is the branch of law that was administered in the Court of Chancery prior to the Judicature Acts 1873 and 1875. This was a jurisdiction evolved to achieve justice and to overcome the rigorous and deficiencies of...
One of the most essential common law rules on contract cases is the parol evidence rule. Parol Evidence Rule is a rule that has an extraneous evidence which is a verbal or written agreement that is not included in a significant black and white document.[1]Besides that, it also preserves the reliability of written agreements by providing parties from trying to amend the meaning of the written document through the use of previous and concurrent verbal or written proclaimed that are not quoted in...
1. Cabengo is a former French colony which became independent in the 1960s. Until 1990, it was a Soviet-bloc single-party State. Since 1990, it has been a democracy, but rather a fragile one. Disputes over alleged diamond-smuggling from its neighbour, Poto, resulted in border warfare, and a good deal of civil unrest, throughout 1995. Aside from this instability, the people of Cabengo's main problems are economic, with half the population living on less than one US dollar a day, and social. The...
Contract and Tort Laws: Applicationa)An offer is a proposal or promise by one party (the Offeror) to enter into a contract, on a particular set of terms, with the intention of being bound as soon as the party to whom the promise is made (the Offeree) signifies his acceptance. An offer may be made either to an individual person, or to a particular group of people, or it may be made to the general public. An offer may be written, spoken or implied by conduct; it may be made with varying degrees...
With the growing globalization and interdependence of the world economy, world peace and prosperity depend increasingly on progress in economic and social development. Initially, institutions for regulating the international economy were established in order to avoid any return to the near fatal economic anarchy of the 1930s.[1]After the Second World War in 1945, one of the primary economic reforms intended under the specialized agency of the United Nations was to create an International Trade...
Coventry City Council owns all the car parks in Coventry City. Car Parking in Coventry nowadays is managed by Cv One in partnership with Coventry City Council.It is responsibility of Cv One : The day to day operation of the car parks Ensuring customers gain access to a parking space The equipment is operational all the timeCoventry City Council took over the responsibility of Parking Enforcement from West Midland Police in 4 April 2005. The responsibility for car parking nowadays is not...
In the present study an attempt has been made to ameliorate the ethanol induced hepatic and renal toxicity by a natural flavonoid Chrysin. Per week accelerated dose of ethanol from 5g/kg b. wt to 10g/kg b. wt was used to induce maximum tissue damage and to overcome the tolerance produced by the ethanol consumption at same dose. Rats treated with ethanol only, showed a lower increase in body weight and liver weight (Figure 8) that might be due to reduced adipose tissue (Das and Vasudevan 2005). ...
First, in determining which terms applied and thus followed we need to look for offer and acceptance. Painters Ltd response to Constructors Plc is a counter offer as it does not correspond to the traditional notion of a ‘mirror image’ of offer and acceptance. In Trollop & Colls V Automatic Power Ltd[2], Megaw J stated that “…counter offer kills the original offer”, clarifying the rule that it terminates original offers. The case of Hyde V Wrench[3]provides a...