Law of Contract Assignment Example | Topics and Well Written Essays - 3500 words

Law of Contract - Assignment ExampleIt may be noted that a learn essentially contains dickens elements Agreement and enforceability by law. An agreement is defined as every promise and every set of promises bringing consideration for other. This essentially means that there should be an offer and credenza to form an agreement. It is important that before an agreement is finalized there should be a Consensus ad idem (Consensus to the matter) between the two parties. Both the contracting parties should say and mean the same without which there cannot be a contract.The other element of contract, enforceability by law, emphasizes the splendour of intention to create a legal obligation or duty to perform or stop from performing certain act(s). These acts could relate to social or legal matters.A standard form contract is a pre-established point of legal name regularly used by a business entity or pissed in transactions with customers. The repose specifies the legal impairment g overning the relationship between the firm and another party. The firm requires the other party to accept the record without amendment, and without expecting the other party to know or understand its terms.A meter Form of Contract is used because the contract record specifies the legal terms governing the relationship between the firm and another party. The firm requires the other party to accept the record without amendment, and without expecting the other party to know or understand its terms.Why would anybody use a standard form of contactA Standard Form of Contract is used because the contract record specifies the legal terms governing the relationship between the firm and another party. The firm requires the other party to accept the record without amendment, and without expecting the other party to know or understand its terms. The effectiveness of the Standard Form of Contract is completely when it is accepted. The Standard Form of Contract are being used since the 19th cen tury for many commercial message transactions like railroad tickets, insurance contracts, lottery tickets and mail order sales contracts. These contracts do allay business transactions. Another major reason for using this Standard Form of Contracts are that economize snip and effort and dispense with formal contract requirements that would impede business and raise the costs of products.Available Standard forms of Contract1. remediate and Maintenance Contract. This is a contract used for a home owner/ house physician without a consultant. (JCT)2. Minor Works Building Contract with contractors design. This is used as a Home Repair and Mainte