Contract Law

: Case Study AnalysisNameInstitutionTutorCategoryDateWord Count :1500IntroductionIn everyday situations individuals be in one way or another engaged in making various forms of agreements . Regardless of the different situations most of these agreements require expectations from engaging parties and consequent implications . Such agreements are referred to as agreements which in essence clarify the involvement of two or more parties in the agreement and which detail their different responsibilities . As a effectively binding agreement , failure to fulfill contractual responsibilities can amount to adverse legal actions According to Atiyah (2001 :1 ) the modern role of contracts is to expound on the concept of certificate of indebtedness and even though there are other extralegal conditions which are intricately embedded in contract fairness it becomes difficult to fully understand their extent of interactions with legal issues .

close to contracts are written down and although verbal agreements are nonoperational regarded legal it can be difficult to prove their universe in a court of law . This seeks to provide a detailed analysis of contract formation , its guiding principles and legal issues related to contract lawElements of Contract FormationDe Vries and Hesselink (2001 :12 ) argue that contract law is founded on the principle elements of contract formation . These elements are integral in the identification of the validity of contracts . Among these elements is mutual combine , offer and acceptance , mutual consideration performance or delivery , good faith and the non violation of public constitution . There are different kinds of contracts including bilateral...If you want to get a full essay, order it on our website: Ordercustompaper.com

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