Acnb

In: Business and Management

Submitted By boconganh0712
Words 3611
Pages 15
A report about law of contract

Prepared for: Mr. John M. Andre (Lecturer)
Prepared by: TA THI KIM CHI – Pr. Camilla
ID: FO5 - 032

Table of Contents 1. The importance of the essential elements required for the formation of a valid contract 2 1.1 Offer 2 1.2 Acceptance 3 1.3 Consideration 3 1.4 Intent to create legal relations 4 2. The impact of different types of contract 5 2.1. Written contract 5 2.2 Oral contract 6 2.3 Implied contract 6 3. The meaning and effect of term in different contract and given contract 7 3.1 Term of contract and clauses 7 3.1.1 Express term 7 3.1.2 Limitation clause 8 3.2.1 Condition 8 3.2.2 Warranty 9 3.2.3 Innominate term 9

Introduction
The purpose of this report is to give an overview about the law of contract; the scope of the report can be seen as follow: * Task 1: The importance of the essential elements required for the formation of a valid contract * Task 2: The impact of different types of contract * Take 3: The meaning and effect of term in different contract and given contract

1. The importance of the essential elements required for the formation of a valid contract 2.1 Offer

The first element will be referring which is offer; an offer is a definite to be bound on specific terms (BPP, 2010). An offer must be specific, clear and communicated to avoid the misunderstanding or trick between people.
Case law: A Newspaper advert placed by the defendant stated: £100 reward will be paid by the Carbolic Smoke Ball Company to any person who contracts the influenza after having used the ball three times daily for two weeks according to the printed directions supplied with each ball...
£1000 is deposited with the Alliance Bank, showing our sincerity in the matter. Mrs. Carlill purchased some smoke balls and used them according to the directions and…...

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