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Contract Law Case Study Help | About Contract Law

The contract law is one of the

main branches of legal study. Students studying in law need to know various aspects
related to contract law in which they need to prepare an assignment case study.

Before beginning this mission to prepare your contract law case study, learn the most
important concepts of contract law here.

What is Contract Law?

A contract refers to the voluntary agreement between two or more parties, and the
contract law refers to the whole body of laws governing it. Each written and even oral
agreement involves exchanging of goods, services, money and assets. The body of
law governs the agreement and includes the responsibilities of parties, borders,
secrecy, obligation and jurisdiction and its obligations. Termination
(Businessdictionary.com, 2016). This includes possible treatment and legal action in
case of any breach of contract by the party. Although primarily used for commercial
purposes, it also has importance for civilian purposes.
It is necessary for students who follow the law to prepare a contract law case study
assignment to demonstrate their knowledge in this discipline. However, most of them

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do not hold strong knowledge and hold on this subject and feel helpless when they are
assigned contract law case studies.
Elements of Contract
Before learning the contract law, students should have a clear idea about the various
elements of the contract, which will help them understand the subject better.
Offer and Acceptance
Proposals and approvals are the most important elements for any successful contract.
This offer is a statement of the guilty wish to provide contracts on specific conditions,
while referring to uncertainty with the intention of accepting the acceptance contract
(Law Handbook.org.au, 2016).
Intention to create legal relations
The parties of the agreement will have to enter the legal agreement to make the
contract effective. This creates a legal relationship between the parties because the
agreement is implemented by law. It is also important to understand the legal effects
and consequences of the offender and the criminal who will follow (e-
lawresources.co.uk, 2016).
Consideration
To make the contract binding, it should be supported by a valuable consideration. The
idea refers to the value given by a second party or the value given on the return.
Thoughts can be money, some kind of service or authority. The court or any legal
institution will not question the adequacy until the idea exists (Study.com, 2016).
One of the parties in the agreement thinks that he has made a bad deal, then the court
will not interfere in any matter of dispute. Conclusive consideration depends on the
personal value and ability of the parties. But interference in the court may be that if
one of the parties accuses the former of influencing or forcing the deal in this deal.
Contract Law Sample - Business and Contract Law
To answer this question, there is a need to discuss the rules of
Indoor Management. When a company's employees or authorities
enter into an agreement with any outsider on behalf of the
company, it is believed that the company is fully entering the
contract. A notable case in this regard is Bank of New Zealand v.
Fiberi Pvt. Ltd. the outsider.
 Legal Capacity
Parties or people who want to enter into legal contracts should have legal capacity
within the purview of the law. Those who are mentally handicapped, minor, insolvent,
prisoner and other people mentioned can not enter into contract (Law
Handbook.org.au, 2016).
 Consent
All parties expressed their desire to enter into the contract, with a proper
understanding of the contract details, it should be entered independently. They should
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not take their decision from external influences, threats, threats or false hopes and
misconceptions (Contracts.uslegal.com, 2016).
All parties expressed their desire to enter into the contract, with a proper
understanding of the contract details, it should be entered freely. They should not take
their decision with external influences, threats, threats or false expectations and
misconceptions (Contracts.uslegal.com, 2016).
Contract law : All Your Queries Answered
Always a contract law case study sample is not able to answer and adequately answer
all questions. Under the law, students with great discipline have many questions in
mind. The most important aspects of contract law have been discussed in detail.
Breach of Contract
The violation of the contract refers to the legal action done by any party when the
other party does not respect the binding agreement or any section thereof. If a person
breaks contractual promise and does not duties within a compromise Expected
according to the contract, it can be referred to as a breach of contract (Small
Business.findlaw.com, 2016). According to the severity of the violation and gravity, it
can be classified:
 Minor Breaches
 Material Breaches
 Fundamental Breaches
While minor breaches refer to the slight violations, fundamental breaches are drastic
violations ensuing legal action.
Consequences of contract breach
First of all, both sides can try to get involved in the solution through informal
meetings upon dispute. But when they fail, the non-infringing party may take legal
remedies. This is done through formal lawsuits and established court system of the
respective country.
The parties may also agree to rent an unanimous arbitrator who will review the
contract dispute and will violate and provide a solution. But when the mediator can
not provide universally acceptable measures, then it goes to court of law.
In case of breach of contract, it is necessary to have an enforceable agreement
between the parties of the contract to claim damages. The reasons for the violation of
the contract by the parties are:
Contract Law Sample - Contract & Agency Law
(A) "The law affects a business from that time until it starts." Discuss the above
statement in the context of three (3) major works of professional business effects of
business laws in Singapore. In your analysis, you should provide specific examples.

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Damages
The infringer needs to compensate the other party for the damage caused to the breach
of the contract. According to the extent of the loss due to the responsible party, the
amount of compensation is decided.
Specific Performance
When the loss can not be recovered through loss, the court may ask the infringer for a
specific demonstration. Specific performance can be defined as any activity guided by
the court that the violation team should perform. But this is done when it is not
enough to damage the compensation. Generally, the law court controls a specific
measure as a measurement. When the product or service Promised in the agreement is
unique. Because the real estate industry is known as unique where there can not be
duplicate property with the same facility. But the court will also apply this specific
performance on the violation when the agreement is appropriate and will be
appropriate without any unfair advantage for any party.
Cancellation and Restitution
The non-infringing party can obtain authorization from the court of law, can cancel
the contract and prosecute for redistribution when the infringer is compelled to bring
the situation back before the contract is ready.
These are the main consequences of contract breach (contract and Agreements.co.uk,
2015). The violation contract is a serious offense and is a common cause of the case.
Silence as Acceptance
Normally, not giving up or responding to the proposal is not considered a sign of
acceptance. However, in some cases or circumstances, silence can be considered as
acceptance. Then the question arises, when the silence of the party can be considered
as a sign of acceptance? Suppose that the person X sends a packet of food to the other
person and also indicates that he expects pay it off. If the person eats food without
consent, then this activity can be treated as acceptance. There are specific
requirements that can be considered as adequate (Legalmatch.com, 2016) Approval:
 One party has proposed while others have not rejected the proposal.
 The offender provides a special service to the offender
 The culprit provides service on his free will without affecting any other person
 The culprit informs that ex-candidates expect payment and expectations
 All of the above are full knowledge of the above events
 The shelter should use or accept service in any form which can be interpreted as
acceptance under the law court.
This rule can cover other formal services of services other than sales of goods. But
unsolicited stuff sent to people without formal consent can not come into this
category. It will be considered as a gift.

Contract law : The basics

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This rule can cover the formal services of services other than sales of goods. But
unsolicited stuff sent to people without formal consent can not come into this
category. It will be considered as a gift.
The term contract refers to the agreement in writing, which contains the following
elements. It should be verified under the law court.
 Introduction clauses (provisions)
 Defining the parties and key terms
 Statements) of purpose
 Obligations of each party
 Assurances and warranties
 Attachments
 Signature block
The contract can also be viewed as a process that can be divided into three different
phases (Nolo.com, 2016).
Think of possible deals by checking both sides (and maybe) and risk associated with
it.
Phase 1: Evaluate the deal
Think of possible deals by checking both sides (and maybe) and risk associated with
it.
Step 2: Reaching the Agreement
At this stage, parties negotiate and agree on the final deal with the agreement. Then,
according to the agreement, the written contract has been finalized, which will act as
documentary evidence.

Phase 3: Implementation and performance

After the agreement signed by all, the agreement becomes applicable. All parties must
be compulsory towards their agreement and perform accordingly. If any party fails to
do its work, the other party can pull them into legal suits.
Contract Law Sample - IRAC method
Barry decided to rent some stairs and frames from the local equipment recruitment
business so that he could paint the outer part of his house. When he collects the hired
goods, he is asked to sign the recruitment agreement. Barry asked the employee of the
recruitment company to sign an agreement, for which the employee replies, "This is
for insurance purposes only" .
Contracts and the Law
The original contract is created when two separate parties enter into an agreement and
are obliged to fulfill their duties responsibly. With the word party, it can refer to any
organization, person or corporation that enters into an agreement. The agreement is
legally enforceable. The main laws governing contract law are:

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Common Law: General Law refers to the set of laws developed by judges, courts and
legal tribunals, which provide respect and importance to each individual case. It's
based on Continuous theory where the same case deals with the same set of laws
(legal- thefreedictionary.com, 2016). The most important aspects of the contract law
fall under the common law category.
Similar commercial codes: When the contracts are prepared for goods or for sale,
common law does not apply, but it is governed by a similar commercial code. It refers
to the set of guidelines that will control all these commercial transactions (the same
commercial code .uslegal.com, 2016).
According to the nature of contract made between the parties, it can be classified into
four categories.
 Bilateral Contract:The most common form of contract associated with two sides
where they mutually follow certain promises of each other.
 One-way contract: One-way contract refers to those legal agreements where the only
party promotes any display or any other service while others only accept the offer.
 Express contract:A clear contract refers to those mutually-stated agreements where
conditions and promises are clearly said to each other without any documentary
evidence.
 Contracts under seal: This refers to the traditional contract, which has an authorized
seal. In some countries or body of law, a contract is valid and enforceable when it
bows the seal from a law court.
Implied Contract
The applicable contract refers to the set of contracts where the parties agree with the
obligations and show their intention to enter into a valid contract. The applicable
contracts are actually contained and are also in the law, where it relies on the
substance of existence.
Allier Contract
It refers to all those mutual agreements that apply to some unpredictable and uncertain
event. In these contracts, the two sides take some risk. The most common example is
the insurance contract.
Adhesion Contract
In these contracts, a party always leverages its high bargaining power. These are
implemented by large businesses or influential people, where a weak party is very
limited in contract construction. This is often called the 'take or leave' contract.
Option Contract
An option contract is an agreement between the seller and the buyer, who later gives
the option of buying a particular price and later sells a particular value at an agreed
price. The option contract is used in securities, goods and real estate transactions.
Although it may seem complicated, but when prices fluctuate, this option is always
beneficial for the contract.

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The major types of contracts applicable under these laws are (Legal-
dictionary.thefreedictionary.com, 2016). But this is not complete; According to the
terms outlined in the agreement or the applicable law, contracted contracts can also be
classified as contracts unconstitutional, in the form of zero contracts.
Construction Contracts
A construction contract refers to a legally binding agreement between the two parties
on the basis of certain policies for construction, repair, changes in buildings and
various permanent structures (Definitions.uslegal.com, 2016). Based on the promises
made by the parties, construction contracts can be divided into six types.
 Lump sum contract
 Item rate contract
 Lump sum and scheduled contract
 Cost plus fixed fee contract
 Cost plus percentage of cost contract
Do All Construction Contracts Have to Be in Writing?
Generally, all construction contracts are filed in documentary form. Most countries
prefer to keep all construction contracts in writing. Although this is not mandatory,
this advice is still given as it helps in preventing fraudulent claims.
Therefore, in some systems, construction contracts fall below the level of fraud. This
is a necessity for which the parties concerned need to be signed and signed. For some
conditions within construction contracts, a compulsory written agreement may be
required (En.wikipedia.org, 2016). Some of these conditions are:
 Construction loan financing
 When the construction gets delayed at least by one year
 Contract involving purchasing of expensive construction material
 Sale of real estate and property
 Contractors in which one party becomes a guarantor for another’s debt.
Even if the above categories are not created, a written agreement can be prepared to
avoid future disputes. A written paper always helps to avoid any type of ambiguity
and presents a clear picture about the obligations of the respective parties.
Construction Contracts Require Consideration - Is it true?
A construction contract always needs to be considered with it or it may not apply.
This idea can be a promise of money or some service other than financial benefit. But
if the contractor demands or forces the other side to pay more than the party agreed,
then the idea may be an issue in the trial.
How can an International Contract Be Illegal?
Occasionally, two parties from two different countries enter the contract and then
implement the agreement and it is impossible to proceed according to the existing
sections. Therefore, it is important for the parties concerned with the court to
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understand that the agreement they are going to enter is clearly applicable. In the case
of an international agreement, the requirement of each contract is legal The provisions
and requirements have to be filtered through various levels. Since each country
adheres to differ Therefore, it is important to consider all aspects before avoiding all
complications, draft, applying and signing contracts. If such a situation occurs then
the contract can be changed with the consent of all parties or it can be modified to
make the implementation possible.
rent legal provisions, it may be that some contracts that are legal in one country,
become invalid in the second (Leritz Law.com, 2016).
An international contract can be called illegal if certain business operations are not
implemented in a country, changes in the law become effective in one country, the
standard of distributed services or goods does not match the standard required.
Therefore, to avoid all complications, it is important to consider all aspects before
draft, implement and sign contracts. If such a situation occurs then the contract can be
changed with the consent of all parties or it can be modified to make its
implementation possible.
Contract Law Sample - Contract & Business Law
In case of contravention of the contract, to claim the loss, there must be an
enforceable agreement between the parties of the contract. The reasons for the
violation of the contract by the parties are:
(A) The party has failed to contract on contract contract.
(B) The party for the contract fails to contract according to the other party's standards
and specifications.
Can an advertisement be considered as an offer?
In this era, advertising has become a universal gonna get. But in the case of an
advertisement all these essential elements are absent. Therefore, an advertisement, a
catalog or a price quote can be viewed as an invitation instead of an offer.
The unit of general life, where companies try to woo their customers through
published customers, internet, television and radio advertisements, billboards and
many others. Each company claims to have the best products or services and try to
woo people. But these are not ads (small business. Findlaw.com, 2016).
An advertising contract does not adequately adequate all the necessary requirements,
but it can be distinguished as an initial conversation or an invitation to bid. In a logical
agreement, both sides should show intentions, agree in some conditions, and possibly
exchange ideas with the idea of acceptance recipient. But in the case of an
advertisement all these necessary elements are absent. Hence, an advertisement, a
catalogue or a price quotation can be viewed as an invitation rather than an offer.
But in some extreme and extraordinary cases, advertising can be considered as an
offer when the product or service is offered with specific details and there are some

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words of promise. It needs to be clearly, definite and clearly mentioned so that it can
not keep any opportunity for the dialogue, then it can be considered as a proposal.
Business Contracts
Every business relationship involves some kind of contractual commitment within the
concerned parties. Though contracts can be verbal, written or a combination of both,
still mostly the business contracts are of documented agreements. A business contract
is lengthy piece of document which includes:
 Employment contracts
 Lease agreements
 Insurance agreements
 Financial agreements
It is important that all the parties must make a careful consideration to every clause
stated in the agreement. As due to negligence, any business contract may get
terminated or result into losses for all the respective parties. A business contract may
get terminated by agreement or convenience. But sometimes these contracts are ended
when one party is found to breach the agreement or due to frustration of another
owing to some unforeseen events (Definitions.uslegal.com, 2016). Accordingly, the
concerned party can ask for compensation or book a lawsuit against the other

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