References

Diana and the piano

The main topic of the case study is Contract Law. Contract Law is a contract intends to formalize an agreement between two or more parties, in relation to a particular subject. Contracts can cover an extremely broad range of matters, including the sale of goods or real property, the terms of employment or of an independent contractor relationship, the settlement of a dispute, and ownership of intellectual property developed as part of a work for hire.

Typically, in order to be enforceable, a contract must involve the following elements:

– Offer

– Acceptance

– Consideration

– Capacity

– Intention

The case involves the number of legal areas which will be discuss and should be defined.

Offer – the method by which the courts determine whether an agreement has been reached is to first enquire whether one party has made an offer. For most types of contracts the offer may be made orally or in writing, or may be implied from the conduct of the parties and can be made to a particular person, or class of persons, or to the public at large. The person who makes the offer is known as the offeror and the person to whom the offer is made the offeree.

Acceptance – is unconditional assent to all the terms of an offer. It must be clear, unambiguous, unconditional and corresponding exactly with every term of the offer otherwise it will be invalid.

Revocation - A document under which a grantor takes away (revokes) the authority and power of the agent to act on behalf of the grantor. The act by which a person having authority, calls back or annuls a power, gift, or benefit, which had been bestowed upon another.

Moreover, the law related to the issue should be identified.

Case study covers:

Equitable/promissory estoppel. The equitable doctrine of promissory has not replaced the requirement for consideration in the ‘formation’ of contracts but it has been used as a device...