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
Right to sell - Terms used in Contract With S.14 (a) provides that there is an implied condition such seller has a right for sell the goods and, like in the case of an agreeme

Labour Laws: The small units manufacturing items reserved for manufacture in small scale sector do not require any prior license. This is a major relaxation where no licensing or

Question 1: (a) Explain what is meant by Subsidiary Legislation and the reasons for using such a law. (b) Describe the ways in which Subsidiary Legislation is controlled.

Myra, another student, was very unhappy with her grade on the midterm. The following week, she arrived at the class about 20 minutes early and waited for the instructor t

Contributions of Equity Contributions of Equity as: Developed the so called maxims of equity and Provided additional remedies and Provided for the discovery of

You are the HR manager of a large manufacturing company which employs both unionized and non-unionized employees. You have a non-unionized employee, Edith, who has worked for the c

Power to dispense with the word "Limited":                             Although s.5 provides that the last word of the name of a limited company must be "limited" this would n

State article 2 of International law Article 2 states that there is no right of a State under international law to diplomatic relations; these exist by mutual consent. However

DISCLAIMER OF ASSETS: The liquidator has a statutory right of disclaimer of assets: s.135.  The rules are: (a)     he must obtain leave of the court; (b)     the right o

Types of Contract - Law of Contract However common law of US relating to the contract classifies contracts with the following categories as; Specialty Contra