Contract Law And Sale Of A Valid Contract

Tech Ltd hired extra electricians and worked longer hours to complete the installation as agreed on 20th December.

Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile.

Firstly, we have to distinguish whether Jack makes an invitation to tender or an invitation to treat. According to Harvela Investments Ltd v. Royal Trust Co of Canada (CI) Ltd (1986), the usual analysis is that ‘an invitation to tender for a particular project is simply an invitation to treat. ' However, in the case of Harvela Investments Ltd, the invitation to tender is treated as an offer implicating legal obligations. I believe that Jack was making an invitation to treat rather than an invitation to tender, constituting an offer, for several reasons; firstly, the terms of the invitation are vague, with no specification of time for which acceptance of the ‘most competitive tender ' will remain open till; secondly, I infer that the lack

They went ahead to confirm their verbal agreement by paying an amount that partly makes them show desire to purchase the automobile. In return, with mutual understanding the salesman keeps the car and calls them to confirm if the purchase would be completed. A contract that is legally binding does exist here. There are factors in this scenarios that show a legally binding agreement is in existence.

An advertisement involving a transaction in goods is an offer when it invites particular action, and when it is clear, definite, and explicit and leaves nothing open for negotiation.

In order to have a valid contract, Marsha should make an offer to buy the car and Jim has to accept it given the fact that all terms of sale has been agreed on.

In this assignment I will be giving advice to Rick’s girlfriend on whether she has a legal right to return the laptop that Rick bought for her. I will be analysing whether a valid contract was formed and who it was formed with.

A contract comes into existence with the initiation of an offer made by one party, which in turn should be ‘accepted’ by the other party. The element of offer and acceptance thus initiate the legal process of the formation of a valid and binding contract. The significance of acceptance with respect to the contract laws stems from the fact that the proposed offer must be accepted by the promisee and forthwith be communicated to the promisor. Together offer and acceptance create a promise which can

No. An ad can be treated as an offer under certain circumstances for instance in the Lefkowitz v. Great Minneapolis Surplus Store, Inc. case. The store published a newspaper ad stating: that on Saturday 9 AM Sharp, three brand new fur coats, worth up to $1,000.00, first Come First Served $1 each. A customer named Morris Lefkowitz arrived at the store ready to pay. However, he was informed that under the defendant's house rules, the offer was open to women but not men. The court ruled for the plaintiff because he satisfied the terms of the advertisement. Therefore, the advertisement was explicit and left nothing open

Contracts can be defined through promises between parties that are enforceable through law. We know that both parties agreed verbally, an oral agreement was made to hold the car for one day with a hundred-dollar deposit and Stan agreed to the terms that the deposit was refundable. Contracts can be in in two form which are written or oral. Based on the elements of contracts, many fundamentals factors are considered mandatory to form a contract that is binding on parties and are primarily outlined through the following:

Offer is the promise made by the offeror. Generally, advertisement is the invitation to treat. Invitation to treat is different to the offer, so the advertisement is not an offer. (Partridge v Crittenden［1968］ 1 WLR 1204)

Introduction: In this assignment I will go over a few legal terms in relation to contract law. I will also talk about a few precedents that help explain the law.

On a Monday, Daniel advertised his Fiat Punto for sale in the local newspaper. Within the advertisement Daniel stated that he wanted “£3000 ono”. By stating “or nearest offer” Daniel has created an ‘Invitation to Treat’ and has supplied a telephone number and fax number for people to contact him if they wished to purchase the car or offer him a similar amount. “An invitation to treat is an invitation to others to make offers” – Oxford Law Dictionary. In the case of Fisher v Bell [1961] a shop keeper had displayed a flick knife in the display window. However, the shop believed that it was not an offer but an invitation to treat. When concerning companies, Case Law has shown that everything is considered an invitation to treat. During the case of F v B Lord Parker stated that:

Shall mean the official document, issued at the Load Port after completion of the loading operations, stating the ships’ loaded quantity, expressed in Cubic Meters [cub meters], in Metric Tons [MT] expressed as per the above definitions. This document has to be signed in original by the ship master and made out in accordance with the instruction hereinafter specified in this Agreement.

The offer is a communicated eagerness to contract made with the aim that it should get to be authoritative on the individual making it when it is acknowledged by the individual to whom it is tended to (Hubbard, Thomas & Varnham, 2013).