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  • Lantern Solicitors

    Contract Law &

    Business Law Own, Nirmal V Martens

    Fiona Myers, Solicitor

    5/1/2011

  • 1 | P a g e

    TABLE OF CONTENTS

    Law Applied .............................................................................................................................................................................. 5

    Introduction................................................................................................................................................................................ 6

    Definition of Contract .............................................................................................................................................................. 7

    Terms and Conditions of a Contract ............................................................................................................................... 8

    Offer............................................................................................................................................................................................ 8

    The cases that apply to Offer in contract Law: ................................................................................................ 8

    Test 1. Clear Terms ...................................................................................................................................................... 8

    Example Case: ............................................................................................................................................................ 8

    Example Act:.................................................................................................................................................................. 9

    Applying it to your case: ............................................................................................................................................. 9

    Test 2. Intention to do business. .............................................................................................................................. 9

    Example Case: .............................................................................................................................................................. 9

    Applying it to your case: ............................................................................................................................................. 9

    Test 3. Must be communicated to the Offeree .................................................................................................... 9

    Example Case: ............................................................................................................................................................ 10

    Applying it to your case: ........................................................................................................................................... 10

    Acceptance ....................................................................................................................................................................... 10

    Case that applies to Acceptance: .............................................................................................................................. 10

    Test 1 Mirror Image .................................................................................................................................................... 10

    Example case: ............................................................................................................................................................. 10

    Applying it to your case: ........................................................................................................................................... 11

    Test 2 Firm .................................................................................................................................................................... 11

    Example Case: ............................................................................................................................................................ 11

    Applying it to your case ............................................................................................................................................ 11

    Test 3 Communication of Acceptance ................................................................................................................. 11

    Example Case: ............................................................................................................................................................ 11

    Verbal ............................................................................................................................................................................. 11

    Example Cases:.......................................................................................................................................................... 12

  • 2 | P a g e

    Electronic ...................................................................................................................................................................... 12

    Example Cases:.......................................................................................................................................................... 12

    Postal.............................................................................................................................................................................. 12

    Example Cases:.......................................................................................................................................................... 12

    Applying it to your case: ........................................................................................................................................... 12

    Consideration........................................................................................................................................................................... 13

    Definition of Consideration: ............................................................................................................................................ 13

    The cases that applies to Consideration: ........................................................................................................... 13

    Test 1. Consideration must be past .......................................................................................................................... 13

    Example Cases:.......................................................................................................................................................... 14

    Applying it to your case: ........................................................................................................................................... 14

    Test 2. Consideration must be Sufficient ....................................................................................................................... 14

    Example Cases: ............................................................................................................................................................. 14

    Applying it to your case:.............................................................................................................................................. 14

    Test 3. Consideration if not Sufficient ........................................................................................................................... 14

    Intention.................................................................................................................................................................................... 15

    Definition of Intention: ..................................................................................................................................................... 15

    Presumption 2..................................................................................................................................................................... 15

    Example Case: ............................................................................................................................................................... 15

    Applying it to your case: ....................................................................................................................................................... 15

    Privity of a Contract .......................................................................................................................................................... 15

    Definition of Priv ity of a Contract:................................................................................................................................. 15

    Example cases: .............................................................................................................................................................. 16

    Applying it to your case:.............................................................................................................................................. 16

    Capacity .................................................................................................................................................................................... 16

    Definition of Capacity: ..................................................................................................................................................... 16