Essays on Contract Law

Contract Law Exemption Clauses             An Exemption Cause is a part of a contract defining the defendant’s liability in the event that the contract is breached. There are two major types of exemption clauses: exclusion and limitation. Exclusion is a clause that releases the party that breaches the contract from all liability. Limitation is a…

Argument ad hominem, because George Santayana is talking in an abusive way about Nietzsche and he is trying to make his work look useless and meaningless. This is R3, the Red Herring, because the agents of the Prince tried to distract the people by making it seem like it was totally their choice who to…

Topic: Currency Options Currency option is a contract or an agreement which gives the right to buy or sell currency at a pre-specified exchange rate on a future date. Currency options are derivatives contracts in which foreign currency is the underlying asset. Currency options are also known as forex options or Fx options. The contract…

Offer is an expression of willingness to enter into a legally binding contract on the terms proposed once the offer is accepted. This letter is an offer since the terms proposed are complete and it is communication to the offered. The letter was definitely sent to Andrew by mistake since the company makes this offer…

Books, Latex Ltd and Typos Ltd. In order to differ which of these relations finally constitute concluded contracts, we will proceed to evaluate each case individually to establish whether the essential elements of a contract (offer, acceptance, consideration and intention to create legal relations) are validly fulfilled or not. As soon as one of those…

When she asked about the price, Steven replied, ‘Well, considering the status of the artist, I couldn’t take less than $4000 for it. Knowing that an original painting by Arthur Master was worth at least $40,000 Bea immediately paid for the paining. Due to its size, however, Bea asked it be delivered to her home…

Letter to purchase M van for £3,500 can be construed as an invitation to treat. An invitation to treat cannot be accepted as it is not an offer. (Gibson v Man city). If this is the case than there is no contract and L is not entitled to claim damages. However, because the content of…

      This is to assess the legal issues in a case study involving a contract law in relation to common law of Australia as well as any Australian legislation.  This is a case involving Michael and Limassol and one of the issues to be answered is whether Limassol can sue Michael for breach of contract…

The first issue is whether Mat’s reply was a counteroffer or a request for further information on whether or not Michael would change the upholstery in the car before sale. If it was a counteroffer, as was held in Hyde Vs. Wrench (1840) 3 BEA 3341, this would have amounted to a negation of the…

Partners must discriminate offer from free will, options or deals without details. For example, WAC offers to assemble and sell to John’s company 5 cars. Before any agreement about products is reached on models, color, or price, John’s company decides not to continue. In this case, there is no binding contract between two companies because…