2 Australian Contract Law Short Answer Questions (common Law And Equity)

Australian Contract LawQ1A use up is an conformity or a promise between two or more parties in which all parties to the contract are legally bound by the provisions of the agreement . Major elements of a contract involve agreement consideration , intention and capacity . obligation is the starting signal key requirement of a contract (Benson , 2001 : 34 . organization consists of purport and acceptance . For an acceptance to be valid it has to be communicated and the communication mustiness reach the other society . It is cheering to note that when an raise is made and therefore the other ships company makes a counter maintain , no agreement is reached . then in this case Tom made an offer of 5 ,000 to Dick . Dick said that this was too high yet he said he would give 4 ,000 for the wheel .

This was a counter offer A counter offer has the effect of distinguishing the superior offer Thus , when Dick spurned the offer by Tom , it means that there was no agreement as the initial offer had been distinguished . In Hyde vs Wrench it was held that a counter offer had the effect of terminating the schoolmaster offer (Victor , 2006 : 45-46Q2 reflexion is an important element of any contract . Consideration refers to the form of commitment that a companionship to an agreement or contract shows towards the other party (Carter , 1994 : 34 . The party must show that he has undergone some form of harm or loss as a result of evaluate the offer . The...If you want to get a full essay, station it on ou! r website: BestEssayCheap.com

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