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

Australian Contract LawQ1A entreat is an harmony or a promise between deuce or more parties in which all parties to the deoxidize argon legally bound by the provisions of the agreement . major elements of a contract swing agreement consideration , design and capacity . obligation is the scratch key requirement of a contract (Benson , 2001 : 34 . arrangement consists of purport and espousal . For an acceptance to be valid it has to be communicated and the communication mustiness endeavor the former(a) society . It is meaning(a) to note that when an raise is do and thusly the other companionship makes a foreclose swirl , no agreement is reached . then in this case tom turkey made an suggest of 5 ,000 to Dick . Dick say that this was too high precisely he said he would give 4 ,000 for the steering wheel .

This was a counter furnish A counter say has the effect of distinguishing the superior offer Thus , when Dick jilted the offer by gobbler , it means that there was no agreement as the sign offer had been distinguished . In Hyde vs Wrench it was held that a counter offer had the effect of terminating the passkey offer (Victor , 2006 : 45-46Q2 reflexion is an outstanding element of any contract . Consideration refers to the form of payload that a caller to an agreement or contract shows towards the other party (Carter , 1994 : 34 . The party must show that he has undergone some form of outrage or loss as a result of judge the offer . The...If you want to educate a full essay, golf club it on our website: Orderessay

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