Assignment Review. b Common errors: misreading of facts: the programme is not ‘infected’ with any virusmisreading of facts: the programme is not ‘infected’

Slides:



Advertisements
Similar presentations
Texas Real Estate Contracts 4 th Edition © 2015 OnCourse Learning.
Advertisements

Thomson/South-Western©2008 Chapter 7 Contract Law _______________________________________.
© OnCourse Learning. All Rights Reserved. Real Estate Contracts Learning Objectives  Define basic contract term, including express, implied, bilateral,
NATURE OF TERMS Whether expressed or implied, a term may take any one of the three natures. It may be a condition or warranty or an innominate term.
INTERNATIONAL CONTRACT LAW Topics Covered in Chapter on International Contract Law –Comparative Law in Negotiations –Generally Recognized International.
© 2010 Pearson Education, Inc., publishing as Prentice-Hall 1 REMEDIES FOR BREACH OF TRADITIONAL AND E-CONTRACTS © 2010 Pearson Education, Inc., publishing.
 5 Parts to be Legal and Valid  Offer and Acceptance: Both parties bring something to the table to offer in a contract.
© 2015 OnCourse Learning Chapter 6 Real Estate Contracts.
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Budgets and Financial Records
Study Unit 4 Performing Contractual Obligations.  The outcomes for this learning unit are that you should be in a position to: ◦ Discuss Agency ◦ Discuss.
How to Manage your Money BUDGETS. What is Money Management Planning how to get the most from your money Why?? What???
Revision session for Business Law, 2010/11 4 Format of the examination paper 4 Preparing for examination 4 How to read the relevant sections of the Trade.
A General Introduction to Contract. Definition of a contract A contract is an agreement between competent parties based on the genuine assent of the parties,
10.1 Chapter 10 Writings and Records, Defenses, Remedies, and Creditors’ Rights © 2003 by West Legal Studies in Business/A Division of Thomson Learning.
Contracts Lesson Three. Learning Objectives  Understand the performance of contracts as related to time limits.  Know about assignment of a contract.
1 A Contract Defined “A contract is a promise or a set of promises for the breach of which the law gives a remedy or the performance of which the law in.
NEW CODIFICATION OF PRIVATE LAW IN THE CZECH REPUBLIC Impact on Contract Law.
Real Estate Contracts.
Chapter 11 Real Estate Contracts The signing of a valid real estate contract is the keystone of a real estate transaction.
Real Estate Law The Basic Real Estate Contract Real Estate Law The Basic Real Estate Contract.
Real Estate Principles and Practices Chapter 6 Contracts and Business Law © 2014 OnCourse Learning.
Factors Affecting Contracts Ending a Contract
Contract Basics Business Law. From tort law to contract law TortContract What binds individuals Laws of society, as defined by statutes and precedents.
CHAPTER 14 INTERPRETATION OF THE CONTRACT AND THE RIGHTS AND OBLIGATIONS OF THIRD PERSONS DAVIDSON, KNOWLES & FORSYTHE Business Law: Cases and Principles.
1 1 © Oxford University Press, All rights reserved. 9 Remedies for Breach of Contract and Statutory Implied Terms.
© 2004 West Legal Studies in Business A Division of Thomson Learning 1 I. Introduction I. Introduction II. Elements of a contract II. Elements of a contract.
Contracts. Formation of a Contract Mutual Assent (offer and acceptance) Consideration Capacity Legality.
How Contracts Arise Chapter #5.
Copyright © 2004 by Nelson, a division of Thomson Canada Limited. 9-1 CANADIAN BUSINESS AND THE LAW Second Edition by Dorothy Duplessis Steven Enman Shannon.
THE LEGAL ENVIRONMENT OF BUSINESS A Critical Thinking Approach Fourth Edition Nancy K. Kubasek Bartley A. Brennan M. Neil Browne Nancy K. Kubasek Bartley.
How Contracts Arise What Are Contracts? Any agreement enforceable by law.
Copyright © 2008 Pearson Education Canada9-1 Chapter 9: The End of the Contractual Relationship.
© 2012 Cengage Learning. Contract Law Chapter 7 © 2012 Cengage Learning In This Chapter You will be introduced to contract law and how a contract is.
Chapter 12 Contract Discharge and Remedies for Breach.
INTRODUCTION When the word “contract” is mentioned, there is a tendency for many people to see this as some form of formal written document. When asked.
©OnCourse Learning. All Rights Reserved.. Contract Law ©OnCourse Learning. All Rights Reserved. Chapter 7.
I. Capacity A. Definition B. Limited capacity 1. those persons with a lesser ability to contract 2. three major groups of persons have this protection:
1 Chapter 13 Outline I.Contractual Capacity A. Minors B. Intoxicated Persons C. Mentally Incompetent Persons II.Legality A. Contracts Contrary to Statute.
Study Unit 3.  You need to understand the following relating to the interpretation of a contract: ◦ Discuss the consequences of valid, void and voidable.
Real Estate Principles and Practices Chapter 6 Contracts and Business Law © 2010 by South-Western, Cengage Learning.
25-1 Chapter 16 Remedies for Breach of Traditional and E- Contracts.
© 2008 by South-Western, Cengage Learning Chapter 8 Charles J. Jacobs Thomas E. Gillett.
Chapter 7: Contract Interpretation
OFFERS, CONTRACTS AND RELATED ISSUES: EFFECTIVE CONTRACT WRITING.
Section 6.2 Voidable Contracts and Remedies. Section 6.2 Voidable Contracts and Remedies A contract that seems to be valid can be voided if the agreement.
Chapter 6 Real Estate Contracts 2010©Cengage Learning. All Rights Reserved.
© 2011 South-Western | Cengage Learning GOALS LESSON 2.1 CONTRACT LAW BASICS Name the six essential elements of a legally enforceable contract Identify.
Contract Performance In Traditional and E-Contracts; Breach of Contract and Remedies Chapter 18 & 19.
Modern Real Estate Practice in Pennsylvania 12th Edition Chapter 11: Principles of Real Estate Contracts.
CHAPTER 8 INTRODUCTION TO THE LAW OF CONTRACTS  2011 Thomson Reuters Legal & Regulatory Ltd. All Rights Reserved. PowerPoint  slides to accompany A Guide.
Contracts CLU3M – Understanding Canadian Law.  We will learn the process and limitations on making contracts in Canada. Learning Goals.
Chapter 10 Principles of Contract Law. Chapter 10 Principles of Contract Law.
Fundamentals of Business Law
SESSION 11 – SPECIFIC TERMS IN A BUSINESS CONTRACT
CHAPTER 23: WARRANTIES.
SESSION 11 – SPECIALIST TERMS
Chapter 3: Capacity and Terms of Contract
English for Lawyers 3 Lecturer: Miljen Matijašević
Chapter 9 Nature of Traditional and E-Contracts
Introduction to the Law of Contract
REMEDIES FOR BREACH OF TRADITIONAL AND
Essentials of the legal environment today, 5e
Legal Environment for Business in Nepal 16 April 2017
Mevan Kiriella Bandara
LAW ELEMENTS OF A CONTRACT.
Business Law Rustemeyer
© OnCourse Learning.
NATURE OF TRADITIONAL AND
Chapter 9 Nature of Traditional and E-Contracts
Presentation transcript:

Assignment Review. b Common errors: misreading of facts: the programme is not ‘infected’ with any virusmisreading of facts: the programme is not ‘infected’ with any virus old sections of SOGAold sections of SOGA contract is totally executory (acceptable)contract is totally executory (acceptable) frustrationfrustration no reasons given for assumptions made (see question).no reasons given for assumptions made (see question).

Assignment review: b Main issues: (a) b who are the parties? (minor) b Are the retailers entitled to terminate the contract? What are the terms (express and implied) breached by Software (if any)? (refer to contract)What are the terms (express and implied) breached by Software (if any)? (refer to contract) Impact of such a breach - condition / warranty etcImpact of such a breach - condition / warranty etc Applicability of SOGA:Applicability of SOGA: –software = goods? –Breach of section 14(2) satisfactory quality? –Effect of such a breach and s15A

(a) cont’d Effect of any terms in the contractual documents (eg exemption clauses; termination clause)Effect of any terms in the contractual documents (eg exemption clauses; termination clause) b If retailers are not entitled to terminate, are they then in anticipatory breach? Effect and rights of softwareEffect and rights of software b Either way, question of remedy; damages/action for price mitigation etc.

(b) b Impact on obligations that one is willing to undertake: nature of contracts - intention of partiesnature of contracts - intention of parties terms / parol evidence ruleterms / parol evidence rule b Validity misrep; mistake; duress; undue influence etcmisrep; mistake; duress; undue influence etc b Potential liability rule in Hadley and Baxendalerule in Hadley and Baxendale

Examinations b 3 compulsory questions (40%; 30%; 30%) - open book b 3 hour paper time is of the essencetime is of the essence b M1 Coverage: b Principles rather than nitty gritty details. b Best wishes!