Void and Illegal Contracts
Void contracts are basically those which contravene a provision in a statute or are contrary to public policy at common law but to which the ex turpi causa principle does not apply.
Void by Statute
A statute may declare expressly that a particular cont
Illegal Contractual Terms and Restraints of Trade in Contracts
When dealing with contract law, many problems can arise. There can be illegal terms in the contract or it can just be void. There are restraints on trade which include limiting employees from competing against their employers po
If one party pressures the contractual consent of another by duress the contract is voidable by that other party (See Also s 52A TPA and s 39 FTA).
The common law has long recognised that duress, in the form of coercion of the plaintiff’s will through illegitimate pres
1. Contract Remedies (Chapter One)
What is a contract?- promise or set of promises, for breach of which the law gives a remedy or the performance of which the law recognizes as a duty.
Types of contracts-
a. express: formed by language, oral or writte
LexisNexis Capsule Summary
SOURCES AND DEFINITIONS OF CONTRACT LAW
§ 1.01 What is a Contract?
A contract is formed in any transaction in which one or both parties make a legally enforceable promise. A promise is a commitment or undertaking that a given event will o
Republic Act No. 386
June 18, 1949
The Civil Code of the Philippines
AN ACT TO ORDAIN AND INSTITUTE THE CIVIL CODE OF THE PHILIPPINES
OBLIGATIONS AND CONTRACTS
Title. I. - OBLIGATIONS
Art. 1156. An obligation is a juridical necessit
AN INTRODUCTION OF THE TERM
Chapter No.1 The Term Ultra Vires
Ultra vires is a Latin phrase. It is derived from two distinct words, i.e., ‘ultra’ and ‘vires’, which means ‘beyond’ and ‘power’ respectively.
Ultra vires means un
2nd term report
Raja Haseeb Amjad
LETTER OF TRANSMITTAL
July 24, 2011
Institute of Business Management,
Mr, Muhammad Ali,
Course instructor Business Law,
Here is the report you asked me to prepare during the 1st portion of the business
The purpose -- to give compensation for the breach; to put the nonbreaching party where she would have been had the promise been performed.
Money damages necessary to put P in the position he would have been if the contract had been performed. Also kno
Contracts and Privacy Issues: Contracts
American Intercontinental University
He examines the differences between implied and express contracts, unilateral and bilateral contracts as well as void and voidable contracts. He also shows the key elements in the formation of a
First of all, I would like to say thank you express to all the lecturers for the course of Master of Science (Construction Contract Management), especially my supervisor – Encik Norazam Othman, for their guidance during the writing of this master project. Without their supervis
I. Remedies for Breach of Contract
A. Protecting the Expectation Interest
1. Application of Article 2 of the Uniform Commercial Code
a) Scope is purposefully ambiguous
b) Predominant item is a focal point within the contract, whether it is service or good
(1) Service Contracts are not...
OBLIGATIONS AND CONTRACTS
TITLE I — OBLIGATIONS
Article 1156. An obligation is a juridical necessity to
give, to do or not to do.1
Concept of Obligations. — Evidently, the above deﬁnition of
an obligation is adopted from Sanchez Roman’s classic...
Illegal Immigration -The High Cost of Health Care
The year was 1907 and my grandmother was twelve years old. Her family had left Europe for a new and wonderful country with approximately 1.25 million other immigrants during that year. Her first stop in this new and wonderful country was Elli
3. Difference between Unethical and Unlawful Behaviour in the Business Context
By definition, ethics refers to “a set of principles of right conduct.” It is also defined as “the rules or standards governing the conduct of a person or the members of a profession,” (www.thefreedictionary.com
The insurance mechanism has two fundamental characterstics; shifting or transferring of a risk of loss or damage, from owners and thereby sharing of losses by all the members of the group. Thus a contract of insurance is a contract by which one party undertakes to make good the loss
Unit 3 Individual Project – Commercial Transactions (Contracts)
By: Robert Isabell
BUS255-1005A-07: Fundamentals of Business Law
Instructor: Ginger Patton-Schmitt
American InterContinental University
November 28, 2010
In this assignment, we are to write an executive summary d