Contract Law
England's contract law is consisted of several laws and they can not be written or at least explained in a student's assignment, which is consisted of 1000 words. Despite that I will try to outline the main points of the contact law and explain briefly what each means. On the second point I will explain the little difference between the English contact law with the equivalent contract law of my home country which is Cyprus. I wrote "little differences " because, Cyprus is following the English system concerning laws. There are three basic essentials to the creation of contract which will be recognised and enforced by the courts. These are: contractual intention, agreement and consideration. This is an expression of willingness to contract made with the intention (actual or apparent) that it shall become binding on the offeror as soon as the person to whom it is addressed accepts it.An offer can be made to one person or a group of persons or to the world at large. The offeror is bound to fulfil the terms of his offer once it is accepted. The offer may be made in writing, by words or conduct.
Also the decisions in Cyprus are based upon decisions taken from the court. As I mentioned in my introduction Cyprus is following the English system so laws are the same except of few differences. CONCLUSION To conclude with I would like to say that constituting a contract is not a simple job. Bilateral - The majority of offers are Bilateral. Where the postal rule applies, in which case the acceptance can be effective before it is in fact received by the offeror. It is not an offer unless it was made with the intention that it should be binding as soon as the person to whom it was addressed communicates hi assent. Where the offeror sets out his offer and request an answer of yes or no from the offeree, it is not difficult to determine whether or not there has been an acceptance. Invitation to treatAn invitation to treat made by one party to another is not an offer. An invitation to treat is made at a preliminary stage in the making of an agreement, where one party seeks to ascertain whether the other would be willing to enter into a contract and, if so, upon what terms. Consideration need to move to promisor;3. Until and unless the acceptance is so communicated, no contract comes into existence. The rules as to communication are following: Acceptance by conduct Counter-offers Request for information Clarification of implied terms The "battle of forms" Acceptance of tenders Conditional acceptance Acceptance in ignorance of an offer Motive for the acceptance Cross-offersCommunication of acceptanceThe general ruleAn acceptance must be communicated to the offeror. The contract law started in that Cyprus in 1931. In other words consideration is characterised as the "trading item" which is given for the purchase of the promise of the other party.
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Acceptance Essays
