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Misrepresentation in business law
Essay specific features
Written by:
Jasmine N
Date added:
August 26, 2015
Level:
University
Grade:
B
No of pages / words:
6 / 1663
Was viewed:
9266 times
Rating of current essay:
Essay content:
The factor which distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting parties.”
This quote illustrates the basic criteria for a contract. A contract is a legally binding agreement between two or more parties, it can be written or oral. There is no mention of a written contract between TLC and Answer, therefore we must assume there is an oral contract...
displayed 300 characters
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There is no mention of a written contract between TLC and Answer, therefore we must assume there is an oral contract. The classical approach to determining whether a contact has been created involves agreement, consideration and intention.
In order for an agreement to exist between parties there must be an offer that contains the terms of the contract...
displayed 300 characters
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