Damages for the lost business deal

Assignment Help Accounting Basics

Reference no: EM13969583

1. ‘It is indisputable that unless all the material terms of the contract are agreed there is no binding contract. An agreement to agree in the future is not a contract; nor is there a contract if a material term is neither settled nor implied by law and the document contains no machinery for ascertaining it' (Maughan LJ, Foley v Classique Coaches Ltd (1934)). Explain this statement.

2. Tony, the owner of a London-based manufacturing company, has to attend an important business meet- ing in Edinburgh on Monday. He is virtually certain to be awarded a lucrative contract for his company if he keeps the appointment. He books a flight on-line with PlanesRus. The booking conditions include the following statement: ‘the company gives no guarantee that a seat will be available on a particular flight and reserves the right to transfer customers to later or earlier flights and will not in such circumstances be liable to pay compensation.' Tony books a taxi to take him to the airport in London and overnight accom- modation in Edinburgh for the Monday night. On arrival at the airport for his flight, he is informed that the morning flight to Edinburgh is full but he is allocated a seat on the Tuesday morning flight. He fails to keep his appointment and as a result loses the contract for his company.

Advise Tony who wishes to claim damages for the lost business deal, the cost of his taxi fare and the hotel booking.

Reference no: EM13969583

Questions Cloud

Use lirn library to find an article about u.s. treasuries : Atleast a 300 word essay. Use the LIRN library to find an article about U.S. treasuries and the bond market related to the quantitative easing that occurred after the Great Recession.

Explain how the common law and statutory rules of : Explain how the common law and statutory rules of interpretation could be applied to the following situations; Winnie is caught by a security guard as she is licking white aspirin powder. According to the Macquarie Dictionary, aspirin is a drug. Woul..

Unfair contract terms act 1977 : Critically evaluate the similarities and differences between the protection provided by the Unfair Contract Terms Act 1977 and the Unfair Terms in Consumer Contracts Regulations 1999.

What was predominant fruit or fruit juice color in your diet : Count how many fruit/fruit juice you ate. Divide this number by 3 to calculate your average intake. How many fruits/fruit juices did you eat on an average each day? What was the predominant fruit/fruit juice color in your diet

Damages for the lost business deal : Advise Tony who wishes to claim damages for the lost business deal, the cost of his taxi fare and the hotel booking.

How are you going to conduct your review : How are you going to carry out your tests - be absolutely crystal clear and how are you going to conduct your review -

Implied condition-statement-warranty : Angela buys an 'Onion' personal computer from Future Computers Ltd. She signs a sales note in the shop which states: 'Any express or implied condition, statement or warranty, statutory or otherwise is hereby excluded'. After a week's satisfactory ..

If substanially more foreign money : If substanially more foreign money is invested in Mexico than Mexican citizens have invested abroad in other countries, then one will likely expect:

Essay on pros and cons of renewable resources : Despite the disadvantages of high cost of development, abundance of land required, and inability to produce an abundance of enrely, renewable energy can lead to a steady amount of energy, an abundance of jobs, and low cost rate to operate.

User Account

All Pages