Principals of Law.

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Principals of Law Coursework

R.J. Carmichael

Contents

Introduction Brief Definitions

Task 1- What Remedies does Mary have Against Tom

Task 2- Spartacus Graduates with 1st class honours. Is Sir Harry Bound in contract to pay Spartacus?

Task 2- Suppose Sir Harry had said "If you buy a suitable boat and trailer I will reward you with £1000". Is Sir Harry Bound in Contract to Spartacus?

Cases- List of cases used.

Bibliography- List of material used

Introduction

Mozley and Whitleys Law Dictionary1 states a contract to be, "An agreement between competent persons, upon legal consideration, to do or abstain from doing some act."

For the purpose of this essay we will look at the classical contract model. This consists of three essential members:-

1) Agreement- to do something in return for a promise.

2) Consideration- exchange of something of value (but not necessarily of equal value)

3) Intension to be bound- to make a binding agreement, enforceable in law.

Although they make up the essential members other requirements must be met. These include compliance with Common Law and Statute (e.g. Unfair Contract Terms