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Contract Law

Economic loss in contract law

In regard to the extract taken from Markensinis and Deakin’s Tort Law (5th Edition), from the writer’s comments we see that there is dispute on whether cases of ‘pure economic loss’ in regard to compensation and damages, should be exclusive to the area of contract law instead of appearing in both the areas of contract…

Research Paper On Contract Law

CONTRACT is a valid contract which lacks legal sufficiency due, for example, to incorrect or incomplete following of a required or statutory procedure, and may not be enforceable by the courts. Four Classifications of Defective Contract : 1. Rescission Contract Declaration or clearly communicated intention by a party to a avoidable contract that it is…

Intermediate Term Contract Law

Name: Difference Between Conditions And Warranty The Differences between Conditions, Warranties and Intermediate Terms in Contract Law Introduction The law of contract can be described as a legally binding agreement between two or more parties (Stone 5). In the contract, there are usually promises made by the parties in which every party is expected to…

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Promissory Estoppel Contract Law

The doctrine derived from the case of Huges v Metropolitan Railway Co (1877), involving a landlord and his tenants. Under the lease the tenants were obliged to keep the premises in good repair, and in October 1874, they landlord gave them 6 months’ notice to do some repairs, stating that if they were not done…

Law

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