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Contract Essays

Legally enforceable between Super Fine Oils Ltd and Celeb Johnson

The agreements are reached by family members or spouses cannot be lawfully operated. The case is Balfour v Balfour. At the time that they travelled to England, Ms. Balfour unfortunately felt unwell then the doctor said she should stay in England until she recuperated. Meanwhile, Mr. Balfour promised to provide …

The government’s promise for the sponsorship

The courts presume that the vague or illusory promises are not seen as a valid contract. In the case of Placer Development Ltd v Commonwealth, the Commonwealth government sponsored an unspecific amount for Placer Development to import timber into Australia. After the first payment, the government stopped the sponsorship. Therefore, …

Enterprise Resource Planning

KEY WORDS: – (RC) Rate contract, (ERP) Enterprise Resource Planning, (ICE) Information Consolidation for Efficiency, (OEM) original equipment manufacturers, (EPC) executive purchase committee, (MM) materials management, (PR) Purchase Requisition, (PO) Purchase Order, (LOI) Letter of Intent, (EMD) Earnest Money Deposit, (BEC) Bid Evaluation Criteria, (NIT) Notice Inviting Tender,(TC) Tender Committee,( …

Minors' Capacity to Contract

One of the elements constituting a valid contract is that the parties entering the contract are those who have the competency to contract. This is based on section 10 (1) of the Contract Act 1950 which states: “All agreements are contracted if they are made by the free consent of …

Promissory Estoppel Law

* Estoppel: situation where a person is precluded from saying something – namely the denial that a promise has been made. Protects person from the injurious consequence of reliance. * For example : creditor agrees to accept lesser sum in discharge of a greater sum, cant reclaim full payment refer …

Recognition of Procurement Functions in an Organisation

CHAPTER ONE 1.0 INTRODUCTION Public and Private Sector Organizations are more concerned about pricing policies than any other aspect of their business. Pricing is so important in marketing that it has been singled out as one of the four Ps in marketing. In many case, setting a price poses no …

Insurance and Risk Management IIA Assignment

Mr. X and Mr.B are involved in a motor accident. Both parties believe that the other is at fault for the accident occurring. Mr.B believes that Mr.X is responsible for the damage to his motor vehicle and Mr.X believes that Mr.B is responsible for the damage to his motor vehicle. …

Contract Law & Agency Law

The case study evolves on Shaun, being the offeror, and three interested parties, being the offerees, on whether they have a valid contractual agreement for the purchase of the electric guitar that was advertised on the papers by Shaun. Firstly, there is a need to review the fundamental of the …

Legal Framework

1. Definition of Clause According to Legal dictionary, clause is referring to a section, phrase, paragraph, or segment of a legal document, such as a contract, deed, will, or constitution, that relates to a particular point. A document is usually broken into several numbered components so that specific sections can …

Du Toit V Lotriet Case Summary

Facts: The Plaintiff “Du Toit” entered into a contract to lease his agricultural land for two years, starting on the 15th of July 1918 with the option of sale with the defendant “Lotriet”. The plaintiff was a minor at the time the contract was entered into in June 1916 and …

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