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    Contract Law

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    Contract Law Gertie places a notice in the trade journal ‘Mung Monthly' saying that she would pay £2000 against a ‘wood nymph' Mung vase with its authenticity certificate. The question is to know whether Gertie's proposal is an offer and could lead to a contract . The notice in the trade journal stays a proposal to the public. This proposal could amount to an offer if it is intended to result in a contract, if the other party accepts it, and if it contains sufficiently definite terms to form

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    Contract Law

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    are tasked with negotiating contracts for goods and services with the contractor that is best able to satisfy that particular requirement in terms of quality, timeliness and cost. Best value analysis strives to apply good business judgement to making source selection decisions. It seeks to isolate technical differences between proposals to determine which offer represents the best value to the customer. The Federal Government is steadily moving away from awarding contracts purely on the basis of low

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    Legal intention to be bound An agreement that's supported by consideration is not binding contract if it was made without intention to create legal intentions. In order a contract to be valid, it must also ensure that parties intend their agreement to be legally binding. In contract law social arrangements are not contracts as they tend not to be legally binding. Many domestic agreements between e.g husband and wife, or between child or parent lack the force to be legally bound. In the case of

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    Contract In Contract Law

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    Part A Question 1 Step 1: Area of Law The area of law is focused on Contract Law in regards to the formation of a contract and specifically on the element of agreement for offer and acceptance. Step 2: Principles of Law A contract is a legally enforceable agreement between two or more parties. When a contract is made, parties become subject to legal obligations, whereby there is a legally binding duty to give or do something. This is known as the contractual rights and duties that parties must perform

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    Law Of Contracts

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    Contract Law: In the commercial world, goods or services are normally purchased for consumption or resale. First the buyer and seller will negotiate the terms of the purchase, and then they must enter a transaction which will result in the sale. The parties to such transactions include commercial undertakings, public corporations, local authorities and private individuals, but the legal mechanism by which they transact is always the same: they enter a ‘contract'. Freedom to contract for a greater

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    Contract Law

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    Contract Law 1.On 2nd January 1999, Sarah reads in a local newspaper, "The BrightonBugle", that a well known local sports enthusiast, Mick Muscle, was offering £5,000 to the first person to swim from Southsea to the Isle of Wightbefore 10th January, 1999. Sarah, a keen swimmer, set about her preparations. On 6th January, 1999, a retraction appeared in "The Hove Herald' stating that Mick's original offer was cancelled and, instead, the prize was now to be £500 to the first person to cycle

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    Contract law

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    The area of law in this story is the Contract law. A ‘contract’ is a written legal agreement which is usually an offer and acceptance, between individuals or companies, who have to comply with legal requirements. The contract involved as mentioned, an “offer”, which is an expression of willingness to carry out an action on certain conditions which are made with the intention that an obligatory agreement will exist once it is accepted, and an ‘acceptance’ which is the final and absolute assent to

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    Law of Contract

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    Law of Contract A contract is a legally binding enforceable agreement between two or more parties. Where an issue of a breach of contract arises in court, the court has to decide whether or not a contract has been made. To do this they must establish whether an offer has been made or whether it was simply an invitation to treat. If an offer has been made the courts must then look to establish whether there has been an acceptance. An offer is a statement of willingness by one party to

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    In law agreements are informally known as contracts. Agreement in contract often requires a meeting of minds between the contracting parties which is described as a consensus “ad idem”. This brings us to the definition of contract, although it is difficult to give a definite answer to the definition of contract law, but it could be said as an aspect of law relating to agreement and promises. It is an agreement giving rise to obligations enforceable by law. The general perception of contract law

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    Contract Law 1 a.) Consideration within contract law means that a seller promises to provide goods in exchange the buyer will provide money. This is sometimes referred to as “the price paid for a person’s promise”. A definition for consideration was set out in the case of Currie v. Misa (1875) LR 10 Ex 153 it was defined in the following way: “A valuable consideration, in the sense of the law, may consist either of some right, interest, profit or benefit accruing to the one party, or some forbearance

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