Business Law

Question 1UK involve law requires that five elements must commencement exercise be accomplished in site to consider the tighten legal and binding . First , at that place should be an house which means that one party should be offering a product or a service , the second is that there is an borrowing of the offer . This means that both parties must countenance an agreement that they are both going to enter the direct in order for it to be valid and binding rumination is also a nonher element which refers to the consideration of the benefit and detriments to the parties compound .

This means that the courts must also first determine if the stupefy had any effect towards the contracting partiesIn the first situation , Brian offered nontextual matter 475 and Art wanted to accept but Art was not able to complete the call to Brian to accept the offer the contract is not binding since the other party was not communicate of the acceptance . It is important that both parties must be advised and have agreed upon . There is no Mutual accede among the parties which means that it cannot be binding under the honor of Contracts . There was an offer , there was an acceptance but the acceptance was not known . The element of consideration cannot be apply in this case since there was no promise between the two and that none of them lost or gained anything as a result of their actionsThe next situation puts Art in a situation where he...If you want to get a full essay, order it on our website: Orderessay

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