Category: Contract Law

Introduction Contract law is a collection of legitimate directions which oversee the legitimacy, affiliation, and content of any treaty that exists among corporations, entities, and various other organizations. The agreement concerns the exchange of ownership, interests, the provision of services, and the sale of goods. The law of contract always governs the consequences and conclusions…

Contract Agreement The agreement is made between the Abu Dhabi Government (hereinafter ADG) and the Borat Construction Company (hereinafter BCC). The BCC agrees to build the project within two years from the day of signing the agreement. The ADG agrees to pay ten billion (10,000,000,000) AED upon the completion of the project on or before…

Table of Contents Introduction How to Break a Contract? Conclusion References Introduction The contract can be perceived as a bond between two parties that is based on reciprocal agreements and is expected to be followed by the parties involved in it. Nonetheless, there may occur situations when the underlying concepts of a contract can be…

A contract is a legally binding exchange of promises or agreement between parties that the law will enforce. Contract law is based on the Latin phrase pacta sunt servanda (pacts must be kept). Breach of contract is a legal concept in which a binding agreement or bargained-for exchange is not honored by one or more…

Student Name Professor Name Course Unit Date Contract Law Cases Charlie v. Best Bargain Issue Will Charlie prevail against Best Bargain Stores after he was denied a General Electric Smart Front Load Washer for $1.00 that was advertised? Rule of Law Advertisements made to the public normally do not amount to an offer but are…

Four main conditions must exist for a contract law to be valid. The first condition is that both parties must be legally competent to enter the contract. Any contract with a mentally incompetent person is invalid (Showalter, 2020). The second condition is that there should be a meeting of minds whereby one party should offer…

Introduction A sales contract is an agreement between a seller and buyer. The contract states the terms of engagement and period that a transaction took place and it is signed when a product is transferred from the seller to the buyer (Twomey, 2013) A mutual mistake of fact refers to the unexpected issues that make…

Introduction Individuals operating in the modern business environment must be able to form a contract by taking a rigidly schematic approach to rights, duties, and privileges of all the parties involved. Those entering the world of business should also know how to evaluate the enforceability of a legally binding agreement and to defend it in…

Facts: The agreement between Improve West associates’ and the Improve Comedy Club prohibits the Improve Club from opening any non-improve clubs till 2019. When Improve Comedy Clubs failed to open eight clubs by the end of 2002 Improve West commenced arbitration. The arbitration award of 2005 stated that CCI had forfeited its right to open…

Table of Contents Summary of the Proposed Study Purpose of the Study Research Questions Research Methodology Relevant Background Literature Significance of the Research Anticipated Problems and Limitations Works Cited Summary of the Proposed Study This study establishes the impact of contract law on the economy of the country. The economy of a country is majorly…