Intention - element of contract, Business Law and Ethics

Intention - Element of Contract

Moreover to an agreement to constitute a contract then the parties thereto must have intended it for have legal consequences.  Subsequently an agreement such contains an express declaration such it is not intended for have legal consequences as e.g. like the "Honourable Pledge Clause" in Rose and Frank V. Crompton Bros will not be enforced through the courts despite that its embodying all the other elements to a valid contract.

All over in practice further parties do not direct their attention for this point whether negotiating with each other thus with the consequence such the courts have but as it were been called upon for "fill the gaps". Hence they have done through formulating certain principles as such "presumptions" that will apply in such absence of an express declaration for the contrary.

Posted Date: 1/22/2013 4:30:36 AM | Location : United States







Related Discussions:- Intention - element of contract, Assignment Help, Ask Question on Intention - element of contract, Get Answer, Expert's Help, Intention - element of contract Discussions

Write discussion on Intention - element of contract
Your posts are moderated
Related Questions
Delays: However certain standard defences knows as "essoins" caused considerable delay earlier than a case could be heard.  Now for a certain condition like the hearing of a c

Question 1: (A) What do you understand by Collective Bargaining? (B) What is collective bargaining from: (I) The economic point of view

Explain the modes of  acquiring territory There are certain modes of  acquiring territory. Before 1948, there were a  lot  of  territories available and mostly areas were unkno

Q. What is phoenix-like activities? Phoenix activity and phoenix-like activities Many activities are referred to as "phoenixing" which do display phoenix-like characteristic

a) Explain two scenarios in which a restraint of trade clause would typically be used. b) Suppose your employer wanted to include a restraint of trade clause in your employment

Relate the military and economic power with each other The balance of military and economic power of equilibrium is therefore desirable. A balance of power is a pre-requisite f

Question 1: (a) "A tourist resort which does business in a single currency is not exposed to currency risk." Discuss (use example to support your answer). (b) Case: Hedging

Summary of the international humanitarian laws The main objectives/summary of the international humanitarian laws can be divided into a few parts which are as follows: D

Unsecured trade creditors: It refers to a "class" of members or of creditors. Obviously if two or more companies are involved or if one company has two classes of shares, eg.

Bobby K is pursuing the teleological approach to client representation, meaning that the result is all he's after - case closed! Not exactly a win-win but a "settlement" and closur