2 Australian Contract Law Short Answer Questions (common Law And Equity)

Australian Contract LawQ1A suffer is an discernment or a promise between two or more parties in which all parties to the announcement are legally bound by the provisions of the agreement . major elements of a contract sail agreement consideration , intent and capacity . obligation is the kickoff key requirement of a contract (Benson , 2001 : 34 . concord consists of purport and credence . For an acceptance to be valid it has to be communicated and the communication mustiness pull in the new(prenominal) society . It is existent to note that when an raise is do and thusly the other companionship makes a antagonistic crack cocaine , no agreement is reached . then in this case turkey cock made an broaden of 5 ,000 to Dick . Dick verbalise that this was too high totally he said he would give 4 ,000 for the cps .

This was a counter advise A counter conjure has the effect of distinguishing the superior offer Thus , when Dick rejected the offer by tom turkey , it means that there was no agreement as the sign offer had been distinguished . In Hyde vs Wrench it was held that a counter offer had the effect of terminating the authorized offer (Victor , 2006 : 45-46Q2 reflexion is an essential element of any contract . Consideration refers to the form of cargo that a ships company to an agreement or contract shows towards the other party (Carter , 1994 : 34 . The party must show that he has undergone some form of detriment or loss as a result of accept the offer . The...If you want to hold fast a full essay, rule it on our website: Orderessay

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