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
Types of Authority - Agency Law Further there are three types of authority namely like:; (a) Real or factual However this is the authority that in fact is given to the

There are three main categories of international humanitarian laws: 1) The Hague conventions 2) The Geneva conventions 3) The additional protocols

What are the fundamental rights regarding the sea Providing states with a framework to protect their fundamental rights regarding the sea, the 1982 Convention has also set up s

Leases - Voidable Contracts However a lease granted to an infant is binding on him unless he repudiates it then within a reasonable time after attaining the age for eighteen.

INTERNATIONAL TRADE LAWS The laws controlling and regulating International trade have become one of the fastest growing areas of international law. International trade laws conce

Shares Issued At A Premium: A company may at times issue its shares at a price above their nominal value, i.e at a premium. This may be necessitated by the fact that the compa

C.I.F. Contacts - Import and Export Trade Therefore a c.i.f. like cost, insurance else freight whether contract is a contract for the sale of goods for be performed through the

1. Sometimes laws are created that are done for ethical reasons. For instance, it is wrong to pollute, so Congress passed the Environmental Protection Act, which punished those tha

Resolution to Wind Up Voluntarily:  The type of resolution to be passed varies with the circumstances of the case, as provided in s.271(1): (a) If the articles provide for

Compensation for Loss of Office: (a) Section 192 makes it unlawful for a company to make a director any payment by way of compensation for loss of office, or  may as considera