商法 contract

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1、Outcome22.1IntroductionExplainthelawofcontractKnowledgeand/orskills♦Essentialsofacontract♦Definitionofacontract♦Rulesofofferandacceptance♦IllegalityandErrorsincludingmisrepresentation♦PerformanceofContractorBreachleadingtotermination♦RemediesforBreachofContractEvidencerequir

2、ementsEvidencefortheknowledgeand/orskillsinthisOutcomewillbeprovidedonasamplebasis.Thisevidencemaybepresentedinresponsetoaspecificquestionorquestions.Eachcandidatewillneedevidencetoshowthattheycan,withreferencetoaparticularaspectofthelaw,provideanaccurateandclearexplanationo

3、fthelegalsituation,asitiscontextualisedwithinthecasestudy,orcasestudies.BriefingacaseCasesummary:casenameandcitationcourtsjudicialhistorycasefactsissuesholdingsreasoningsdecisionsconcurringopiniondissentingopinion2.2WhatisaContractDefinition:seep.116.Amorebriefone:Acontracti

4、sanagreementwhichlegallybindstheparties.Theremustbeanagreementlegallyrecognizedassuch.Thepartiesconcernedmustintendthatalegalrelationshiparisesbetweenthem.Thereisconsiderationforthecontractorthecontractismadeunderseal.Thepartiesmusthavethelegalcapacitytoenteracontract.2.3Ess

5、entialofaContractAgreementAgreementbetweenthepartiestoitonallmaterialaspects.Ifanofferismadethentheacceptancemustmeettheoffer.-Offer:adefinitepromisetobeboundonspecificterms.-Acceptance:anunqualifiedagreementtothetermsoftheoffer.Examples:page117and118.HydevWrench(1840)Fact:t

6、heownerofanestateofferedtosellfor£1000.Thebuyermadeacounter-offerof£950.Thesellerdidnotacceptthisoffer.Thebuyerthenofferedtheoriginal£1000,butthesellerdidnotaccept.HydevWrench(1840)Issue:IsthereanycontractbetweenHydeandWrench?HydevWrench(1840)Decision:Thecourtruledthattherew

7、asnocontractinanyofthis;neitherpartyhadmadeanofferthattheotheraccepted.HydevWrench(1840)Analysis:ThecasedemonstratesthatAcceptanceOfOfferthatonehadpreviouslyrejectedwillnotnecessarilyallowaContracttobeformed.2.3EssentialofaContractAtLeastTwoPartiesLegalObligationTheremustbes

8、omemateriallossorgaininvolved.Apersonalorsocialobligationwillnotusuallybecl