Conclusion Of Contract Law Essay

If you want to know what is contract law, first you need to increase your knowledge about the basics of contracts. By definition, contract is a legally enforceable agreement associated with exchange of goods, services, money and property between two or more parties. Contract law is defined as the body of law that governs oral and written agreements.

You can take professional contracts law essay assignment help from our law experts to write an assignment or understand the topic better.

Types of Contracts in Contracts Law Essay Assignment

An offer, an acceptance and consideration are the three pillars of a contract in contracts law essay assignment. The law recognizes contracts that arise in a number of ways. The contract type in contracts law essay assignment acts as the fundamental relationship between the parties engaged in the business. The contract type determines the project risk.

This form of contract in contracts law essay assignment is enforced by explicit written and spoken language, expressing the agreement and its terms.

This contract in contracts law essay assignment is initiated by the behavior of the parties that clearly shows the intent to enter into an agreement.

This is the most traditional form of contract in contracts law essay assignment. In this contract, each party may be considered as making a promise and being beneficiary of a pledge in contracts law essay assignment.

This type of contract in contracts law essay assignment offers request performance rather than a promise from the person accepting the offer.

  • Executed and executory contracts

An executed contract in contracts law essay assignment is one in which nothing remains to be done by either party. An executory contract in contracts law essay assignment is defined as the contract form in which some future act or obligation remains to be performed according to its terms.

This form of contracts in contracts law essay assignment give favors unfairly to one party who has the superior bargaining power.

This contract is written by the party who has the greater bargaining advantage, offering the weaker party the opportunity to adhere.

This is a mutual agreement in contracts law essay assignment that is mainly implemented on the occurrence of an uncertain event.

  • Void and Voidable contracts

These contracts in contracts law essay assignment impose no legal rights or obligations on the parties and are not enforceable by a court.

Some other types of contract

  • Labor- Hour/Time and Materials
  • Letter contracts
  • Indefinite Delivery contracts

If you need to write an assignment on any of the contracts, you can go for our online contract law dissertation help.

Contracts Law

Courts select the law to be applied with respect to a contract, state our contracts law essay assignment experts. The contracts law essay assignment experts further state that the court considers the place where the contract was entered into and the place of performance of the contract in order to decide which law should govern it. The implementation of the law, the contracts law essay assignment experts state, is also determined by the subject matter of the agreement (e.g. sales of goods, property lease). A contract may be governed by one or two types of state law. Know more through contract law essay help or contracts law essay assignment help.

The Common Law in contracts law essay assignment governs most of the contracts (i.e. employment agreements, leases, general business agreements). This law in contracts law essay assignment is traditional based, but is constantly evolving from court decisions over the years.

  • The Uniform Commercial Code (UCC)

The Uniform Commercial Code in contracts law essay assignment is responsible for governing the agreements of sales of goods. This is a standardized collection of guidelines in contracts law essay assignment that govern the law of commercial transaction. Most of the states have implemented the law in whole or in parts. Know more about UCC through contract law essay help or contracts law essay assignment help.

Breach of contract

Breach of contract in contracts law essay assignment is characterized by an unjustifiable failure to perform all or some of a contractual duty by one party. This is when one party — the contracts law essay assignment experts state — may accuse another of failing to perform under the terms of the agreement. Under the law statutes in contracts law essay assignment, a party’s failure to fulfill the promises mentioned in the contract is known as ‘breaching’ the contract.

For example, let’s say ABC entered into a contract with XYZ for purchase of some of its products, mentioning the delivery date on the following Monday evening. XYZ delivers the products to ABC on the following Tuesday morning. ABC is not entitled to any money damages, so breach of contract is not implemented in this matter. But the agreement states that “time is of the essence” and XYZ MUST deliver the product on Monday. If XYZ delivers the products after the deadline, this will be considered as a breach of contract and will deemed “material”. This leads to damages for ABC and XYZ is responsible for it. So XYZ has to pay to ABC under the contract law.

Defenses to breach of contracts

The most common defenses to breach of a contract in contracts law essay assignment are:

  • Enforcement of the contract could violate public policy

Example: A contract to divide the liquor license will not be approved by the government because splitting a liquor license between two parties and two locations violates the public policy of the state.

  • When enforcement of the law becomes impossible or the purpose of the contract has become frustrated.

Example: A hires B to finish the painting his house, but the house burns down before the implementation of the contract.

  • The contract is illegal

Example: Giving contract for murder

  • Lack of consideration during the enforcement of the contract

Example: A promises to provide $30 to B, but B does not have to give anything in return.

  • The contract enforcement is done by a fraud

Example: A refuses to sell products to B, so B asks C to buy products from A and give it to B.

  • The contract contains unilateral mistake that was material to the agreement and the other party knew or should have known of the error.

Example: A hired B to get the sign of Pablo Picasso on a painting for a lot of money. B knew that A thought Picasso had painted it. But in reality Picasso was not the painter. But B did not consider correcting the mistake.

Contract Law of Australia, UK, and USA

Contract law in contracts law essay assignment is implemented by following the various constitutions of different countries. Our contracts law essay assignment experts can throw more on light.

Contract law of Australia

Australian contract law is based on the inherited English contract law, explain our contracts law essay assignment experts. But Australia has altered the law statutes while adopting the statutes from English constitution. Australian law in contracts law essay assignment has developed through the decisions of Australian courts, especially since the 1980s.

  • Most states have affected statutes to the sale of goods, such as the Sale of the Goods Act 1986, according to our contracts law essay assignment This legislation in contracts law essay assignment implies conditions and warranties in relation to fitness and merchantability.
  • The Australian Consumer Law (ACL) is uniform legislation for consumer protection in contracts law essay assignment, relating to fitness and duty to take reasonable care in some classes of contracts.

Contract Law of UK

UK contract law in contracts law essay assignment is a body of regulating contracts in the state of United Kingdom.

  • English law in contracts law essay assignment puts a great effort to ensure people have truly consented to the deals that bind them in court.
  • English law in contracts law essay assignment permits the people to enjoy freedom in order to make an agreement on the content of a deal.
  • Section 13 of Supply of Goods and Services Act 1982 implies in contracts law essay assignment that services must be performed with reasonable care and skill.

Contract Law of USA

According to US government, US contract law in contracts law essay assignment is responsible for regulating the obligations established by agreement between private parties.

  • Common law in contracts law essay assignment is the primary source of contract law in USA too. This legislation was created by courts through the interpretation of prior facts and circumstances. To know more, take contracts law essay assignment.
  • United States implements Federal Arbitration Act where the arbitration clauses are generally enforceable unless the party resisting arbitration. To know more, take contracts law essay assignment

Contract Law Assignments

Contracts law essay assignment or law assignments are considered very different from other subjects assignments. There are mainly three types of law assignments:

In law discipline, case study is a problem question on a particular area of law. With case studies in contracts law essay assignment, students get the chance to practice law by applying it to a particular problem or issue. Know more through contract law assignment help.

For example: Sue borrowed a lawnmower from her neighbor Larry. Larry warned Sue not to touch the mower without wearing safety glasses. The reason was the blades may throw back stones. Sue forgot to wear glasses and got struck in the eye by a stone. Identify all the relevant legal issues and determine a resolution.

Law essays in contracts law essay assignment are very different from non-law essays and it takes a great effort to accomplish. The law essay should be highly and organized in a logical way. Like non-law essay, law essay also has introduction, body, and conclusion.

For example: What are the supposed purposes of judicial review of administrative actions and how far does it actually serve them? Support your answer with reference specific areas of administrative law. Know more through contract law assignment help.

  • Question-answer style assignments

Question and Answer problem in contracts law essay assignment is another specific area of law assignment writing. After reviewing the given facts, the students have to answer the specific problem through contracts law essay assignment help.

For example: William, while he was drunk and out of his conscious mind, went on placing bids successfully at an auction for the purchase of a house. The auctioneer understood that the William did not know what he was doing. However, William confirmed to get into a contract with the auctioneer. He then subsequently refused to complete the contract. Is William bound to honor the contract?

Difficulties Faced by Law Students

In law assignments, the students are expected to present much of the evidence so they avail contracts law essay assignment help. The testimonies you present must come from legal principles and any relevant policies. The students should skim the information before you implement it in writing. It is seen that law students struggle to get the criteria fulfilled. This is why they feel the need for contract law coursework help or contracts law essay assignment help.

How MyAssignmenhelp.com can Help You in Writing Assignments?

A contract law expert at MyAssignmenthelp.com is qualified to provide contract law help. We know that writing dissertation can be stressful. So we provide professional contract law dissertation help and contract law coursework help when you search contract law UK or contract law Australia.

So do not waste time on writing a poorly structured, inappropriately referenced assignment. Instead contact our 24x7 customer care agents to get swift contracts law essay assignment help services from our experts rather than searching contract law USA.

Testimonials

"Overall the final report is good, But m...

"Overall the final report is good, But my course teacher was quiet unhappy that there was no case studies explained in the final report. So, could you please add and explain one or two case studies into the final report related to the topic which you have done and after adding the case study into the final report. Please can you send it as a whole of final report as early as possible.thank you"


Tom Katt
USA
"Excellent writing, no negatives to comm...

"Excellent writing, no negatives to comment. Completely satisfied by the end product. Such a wonderful and useful website"


Jack Hughes
Australia
"Best service provided. On time, ill use...

"Best service provided. On time, ill use their service again, much appreciated, before deadline they finished my assignment."


Hussein Ali
USA
"Your service is good i like ur assignme...

"Your service is good i like ur assignment assistance ,,,,, you are doing great job you help specially students, but your charges is very high,, please give better offers for students."


Melisha
Australia
"The solution of my assignment is too go...

"The solution of my assignment is too good and thanks for the team of Myassignmenthelp. i am really thanks for help me and gave me a assignment assistance within good quality. i would be contact again if i face any problem in future. thanx for the help"


Oliver
UK

The conditions that determine the validity of the contract are complex and require considerable analysis to avoid breach of regulations that govern the law of contract. It is therefore important that a definition of what a contract is, should be outlined to guide the course of advice that may be extended to Muchimba Company Limited. The elements involved in a valid contract are also pertinent as much as what constitutes a contract. The essay will therefore attempt to give an overview of a contract before according a good portion on the probable advice.

The law of contract has crucial significance in the legal management of transactions and obligations in any economic system. Essentially, a contract is an agreement between two or more parties that the law will enforce. In general, damages that is, compensation are payable for loss suffered by one party due to the non-performance or poor performance by the other party to the contract. At common law, similar legal principles apply universally to all types of contracts. According to Monahan, ‘over time, the strict application of the common law has become somewhat subdued by the principles of equity, designed by the courts to restrain unconscionable contractual outcomes and promote justice.’

WHAT IS A CONTRACT?
It is vital for Muchimba Company Limited to appreciate the piece of advice based on the information. There is seldom a formal or general acceptable definition of the term contract. However, different scholars have come up with different propositions like Sir Guenter Treitel in his book entitled ‘The Law of Contract’ defines it ‘as an agreement giving rise to obligations which are enforced or recognized by law.’ On the other hand, Stone (2002) defines a contract as, ‘legally binding or valid agreement between two parties.’ He further submitted that, the law will consider a contract to be valid if the agreement contains all of the following elements:

1. offer and acceptance;
2. an intention between the parties to create binding relations;
3. consideration to be paid for the promise made;
4. legal capacity of the parties to act;
5. genuine consent of the parties; and
6. legality of the agreement.

He also intimated that an agreement that lacks one or more of the elements listed above is not a valid contract. Furthermore, it should be understood that, ‘a party to a contract is liable, not because he/she has made a promise, but because he/she has made a bargain.’ This and many more inputs submitted already and those to be outlined later point to the fact that there was an existing relationship in contract which could not be terminated arbitrary without consideration of legal repercussions.

ELEMENTS IN FORMING A CONTRACT

The elements have been highlighted above but can be elaborated in detail one after the other.

OFFER
‘It is the expression of willingness to contract on specified terms, made with intention that is to become binding as soon as it is accepted by the person to whom it is addressed.’ Other scholars like Stone (2002) describe an offer as, ‘a final statement or proposal by one person (offeror) to another person (offeree). The statement or proposal is usually made on certain terms and often follows a process of negotiation.’ In other words, it implies that an offer shall only exist when there is nothing further to negotiate ‘ either the offer is accepted or it is rejected. Going by the question at hand, Buchiclan Investments Limited made an offer which was not rejected in its state apart from Muchimba Company Limited setting a condition which requested for confirmation of order by post to validate it. Now, whether a statement amounts to an offer depends upon whether the offeree would reasonably interpret it as an offer and it is no doubt this was the case. This is an objective test and not a subjective test of what the actual offeree thought. To assist in determining whether an offer has been made, there are a number of rules that have been developed to make it valid. A valid offer must:

1. Be communicated by the offeror to the offeree; Buchiclan communicated in vivid terms to Muchimba Company Ltd the offer. An offer is ineffective until it is communicated by the offeror to the offeree. If the offeree is unaware of an offer, then it would be impossible to accept it. In R v Clarke , the court held that Clarke could not claim a reward for information he had given because, at the time he gave the information, he was unaware that a reward had been offered.

2. May be made to a particular person, a group of persons, or to the entire world; In Carlill v Carbolic Smoke Ball Co , the plaintiff (Carlill) saw a newspaper advertisement placed by the defendant (Carbolic) claiming that their ‘smoke ball’ would cure all sorts of illnesses including influenza. More importantly, the advertisement also stated that the defendants offered to pay ??100 to any person who used one of their smoke balls and then succumbed to influenza within a specified time. The plaintiff purchased their smoke ball and subsequently came down with a nasty bout of the flu. She sued the defendant for the ??100. The defendant argued, inter alia, that an offer must be made bilaterally (that is, an offer cannot be made to the entire world). The court disagreed and held that an offer can be made unilaterally (that is, an offer can be made to the entire world).

3. Must be clear and unequivocal; the offer was very clear and one of the terms contained therein had indicated the possible variation in the initial agreed contract price according to the cost and availability of materials.

4. Must be distinguished from ‘mere puffs’, a request for further information, or an ‘invitation to treat’. Offers must be distinguished from non-promissory statements made during the course of negotiations. Objectively, these statements are exaggerated and a reasonable person would not expect them to be true. For example, no reasonable person would believe that a toothpaste can really make teeth ‘whiter than white’.

ACCEPTANCE

An acceptance is an absolute and unqualified assent to all the terms that comprise an offer, (Stone, 2002). A valid acceptance:

1. Must be communicated by the offeree which Muchimba Company Limited did though attached a condition.

2. Must be made in response to an offer like in R v Clarke and correspond with the offer. In Evans Deakin Industries v Queensland Electricity Generating Board , the court held that, if the offeree’s acceptance seeks to vary the offer, it is usually construed as a counter offer that the original offeror may consider;

3. Must be made while the offer is still in force, and the company did what was necessary within the required time as in responding to the offer in general.

4. May be express, that is, oral or in writing; or implied from conduct. In Brogden v Metropolitan Railway Co , the defendant (Brogden) had been supplying coal to the plaintiff (Metropolitan) without a formal contract. Subsequently, the defendant was sent a draft contract which, after making a minor change to it, he signed, marked ‘approved’ and returned to the plaintiff’s agent. The plaintiff’s agent received the draft contract and it was locked away in a cabinet without being executed by the plaintiff. The parties thereafter proceeded to act as if there were a binding contract until a dispute arose between them some time later. The court held that a contract existed because the parties had acted on the basis that a contract existed. In other words, the acceptance of the offer by the defendant could be inferred from his conduct. Therefore, it appears to me that Muchimba Company Limited though setting a condition had implied to have agreed the terms in the offer communicated to them by Buchiclan as they did not object to the contents per se.
The case in Galauni Farms Limited v National Milling Company Limited had an important element of a counter offer. The plaintiff Galauni Farms had offered to sale wheat to the defendant of about 2000 tones according to the initial documentation which was signed by the respondent. However, because of some amendments made on the document which were acknowledged by both parties and signed for, it was still necessary to have a cleaned up document which needed fresh signatures. The plaintiff in preparing a cleaned up version of the contract inserted a different tonnage of wheat to be supplied to 2,500 instead of the initial agreed 2000. This being the case, the Counsel for the 1st defendant argued to say that changing of the tonnage from the initial constituted a counter offer to which the client did not consent or accept. In Charlesworth’s Mercantile Law, states that, ‘if the acceptance varies the terms of the offer it is a counter offer and not acceptance of the original offer.’ Therefore, alteration of what is on the offer will entail that the initial offeror will have to accept the included terms as acceptance or rejection.

POSTAL ACCEPTANCE RULE

It is important to elaborate in a nutshell what is involved in the acceptance rule as Muchimba Company Limited hinted in their response to the offer from Buchiclan Investments Limited.
The rule is an exception to the principle that the offeree must communicate acceptance to the offeror. Acceptance takes place when the letter of acceptance is posted, not when it is received. Therefore, it appears that even though Muchimba Company Limited had laid down a condition, yet they implied accepted the offer though counter offered by including different terms. In Adams v Lindsell , the defendant (Lindsell) wrote to the plaintiff (Adams) offering to sell him a quantity of wool and requiring acceptance by post, which the plaintiff provided. A problem arose because the defendant’s original letter to the plaintiff arrived late because it had been incorrectly addressed. The defendant, believing his offer to have been rejected by the plaintiff, sold the wool to another buyer. This took place after the plaintiff’s acceptance had been posted, but before receipt. The court held that the acceptance by the plaintiff was effective on the date of posting, and therefore a binding contract existed between the parties. There are however exceptions to the postal acceptance rule. For the rule to apply, acceptance by post must have been contemplated by the parties like the case in Henthorn v Fraser .The parties had discussed the sale of properties to the plaintiff. The defendant wrote out an offer to sell and handed it to the buyer, who took it away to consider it. A new buyer turned up and a contract was concluded, the defendant writing to the first buyer to withdraw the offer. Before that letter could be received, the plaintiff had through his solicitor written back to accept the first offer. The plaintiff sought specific performance and Lord Herschell ruled by setting out the postal rule in contract situations:

‘Where the circumstances are such that it must have been within the contemplation of the parties that, according to the ordinary usages of mankind, the post might be used as a means of communicating the acceptance of an offer, the acceptance is complete as soon as it is posted.’
The rule may be excluded by the offeror either expressly or impliedly as the case was in Holwell Securities Ltd v Hughes , where an option was ‘exercisable by notice in writing to the intending vendor within six months from the date of the agreement’. The plaintiff sent a written notice within the prescribed time, but it was never received by the defendant. In a subsequent action for specific performance, the court held that the specified requirement for notice in writing to the defendant made the postal acceptance rule inapplicable as the defendant had intimated on the mode of acceptance which was to be a notice in writing.

INTENTION

An intention to be legally bound is the second essential element apart from the offer and acceptance in contract formation. For this reason, a contract hardly comes into existence unless the parties have an intention to enter into a legal relationship and be bound by it legally. Intention may be expressed by the parties or implied by their conduct. According to Stone he wrote in relation to implied intention that, the courts have developed the following rebuttable presumptions:

(a) parties to contracts involving domestic, social and family matters do not intend legal enforceability; In the case of Balfour v Balfour , the husband had agreed to pay his wife monthly support up to the time she rejoined him in Sri Lanka. However, the reunion did not occur hence the husband failed to honour the agreement. The wife then sued for breach of contract but was unsuccessful. The court held that, in the absence of an express intention, the presumption was clearly against enforceability. Their agreement involved matters of a social or domestic nature and there were no facts to rebut the presumption that applies.

(b) parties to contracts involving commercial and business matters do intend legal enforceability. In this case presumption of intention is required as evidenced in Carlill v Carbolic Smoke Ball Co where the court held that the presumption of intention applied despite the defendant’s argument that the advertisement was a ‘mere puff’ or, alternatively, a ‘promise in honour only’. Therefore, analyzing the conduct of both parties in the case, one is left to conclude that Buchiclan Investments Ltd had intended to make the contract legally binding by way of responding in writing as indicated in the letter of acceptance from Muchimba Company Ltd though it bore the wrong address. Nevertheless, what matters is the intention expressed by Buchiclan Investments to make the agreement legally binding.

CONSIDERATION

Consideration is the third essential element of contract formation. However, consideration is only required to form a simple contract as the formal contract is wholly in writing, usually in the form of a deed, and does not require consideration. A promise (or term) of a contract made by deed is called a covenant. A deed can be unilateral (that is, made by only one party) and this is often called a deed poll. A deed made by two or more parties is called an indenture. Some types of contracts must be in writing and must be made by deed to be effective. Simple contract may be oral or in writing (or a combination of both). Simple contracts are made between two or more parties and require consideration. In defining consideration, Sir Frederick Pollock described it as ‘an act of forbearance of one party or the promise thereof, is the price for which the promise of the other is brought and the promise thus given for value is enforceable.’ In other words, consideration is the price paid for the promise of the other party and the price to be paid must be something of value, although it need not be money. Therefore, it may be some right, interest or benefit going to one party or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other party.
As long as consideration of some value exists, the court will not question its adequacy. However, there is an exception rule to this where documents under seal (deeds) do not require consideration for there to be a binding contract.

CONSENT

Entering into contract must involve the elements of free will and proper understanding of what each of the parties is doing. In other words, the consent for each of the parties to a contract must be genuine. Only where the essential element of proper consent has been given is there a contract that is binding upon the parties. The ultimate consequences of establishing that no proper consent was given to enter the contract are matters dealt with when considering remedies for breach of contract.

ADVISE TO MUCHIMBA COMPANY LIMITED

Having analysed the elements in formation of a contract and indeed the case law thereof, it is paramount that Muchimba Company Limited who refuses to take up the delivery of the borehole rigs from the manufacturer is directed through these elements for their easy understanding. To start with, the fact that the company did not object to any of the terms that Buchiclan Investments Limited had submitted on the offer, is a clear indication of implied acceptance. The other aspect to put into contemplation is the fact that, though Muchimba Company Limited had written their response on a letter which did not include the terms as those from the Offeror, which might have acted as a counter offer, Buchiclan responded and posted in time. The action by the offeror was enough to show commitment and intention to a legally binding contract. The contract therefore started upon the offeror posting the letter though on the wrong address making it to arrive late. It also appears that the offeree did not tag time frame as to how long the offeror would be required to take in posting the response. After acceptance, revocation of the offer is inappropriate and this would call for litigation. Though an offer may be revoked at any time, it cannot be brought to an end after acceptance to which the company had already made in writing. This being the case, Muchimba Company Limited will be advised to take the delivery.

CONCLUSION

In an agreement, elements such as offer, acceptance, consideration, intention and consent are vital as they cement the validity of a contract. The acceptance should reflect the offer precisely in order to result in an agreement known as ‘consensus ad idem’. It is clear that a contract that lacks these elements may be considered invalid. However, looking at the case at hand, the postal acceptance rule is the determining factor in the matter.

BIBIOGRAPHY

Applebey, G. (2001). Contract Law. North Yorkshire: Sweet & Maxwell Limited.
Cheshire, Fifoot and Furmston (1986). Law of Contract. 11th Ed. London: Butterworths.
Monahan, G. (2001). Essential Contract Law. 2nd Ed. Sydney: Cavendish Publishing (Australia) Pty Ltd.
Steven and Sons (1977). Charlesworth’s Mercantile Law. 13th Ed. London.
Stone, R. (2002). The Modern Law of Contract. 5th Ed. London: Cavendish Publishing Ltd.
Treitel, G.(1999). The Law of Contract. 10th Ed. London: Sweet & Maxwell.

One thought on “Conclusion Of Contract Law Essay

Leave a Reply

Your email address will not be published. Required fields are marked *