Acca F4 Mind Maps Notes

5224 Words Oct 20th, 2012 21 Pages
ACCA (ENG) (F4) Corporate and Business Law Mind Maps
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Every chapter is summarised – easy to digest for revision; Ideal to test your knowledge; Colour and shape to stimulate your brain; Produced using MindGenius software.

Mind Map Benefits According to MindGenius and Tony Buzan: Gives you an overview of a large subject; Enables you to plan a course of action and make decisions; Gathers and holds large amounts of data and information for you; Enables you to be extremely efficient and effective at what you are doing; Helps with memory recall; Attracts and holds your attention; Lets you see the whole picture and the details at the same time.

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Held - Intention to create legal relations if there is mutuality in the arrangements between the parties Case – Pools vendor stole money. Held – Disclaimer on back was enough to protect Vernon’s. Stilk –Some Seamen, captain offer extra wages if remaining men completed voyage. Held - An undertaking to perform a contract is not consideration for a new contract Hartley – Significant number of seamen deserted, captain offer extra wages if remaining men completed voyage. Held – Entitled to payment as changed their duties to an extent that they would not be bound to continue under the existing contract Case – Extra money offered to ensure work completed on time to avoid the Plaintiff suffering a penalty clause. Held – Even though defendant was in effect doing nothing over and above the original agreement, there was a new contract as penalty clause were avoided as was cost of employing new contractors. Also, promise to pay extra had not been extracted by fraud or pressure

Intention (commercial, assumption is binding) Consideration. New contracts require new consideration

Jones v Vernons pools

Stilk v Myrik And Hartley v Ponsonby

The performance of an existing contractual duty may be sufficient if it confers some benefit of a practical nature on the other party

Williams v Roffey

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Cases – Valid
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