and glass sliding doors and windows. Arrow Glass Company is a subcontractor who initially brought suit against Traco on the theories of promissory estoppel and negligence for Traco’s failure to supply aluminum and glass sliding doors at the quoted price. After a bench trial‚ the trial court held for Arrow solely under the theory of promissory estoppel and awarded Arrow judgment against Traco for damages in the amount of $ 75‚843.38‚ plus attorneys’ fees and prejudgment interest. Issue Appellant
Premium Law Jury Appeal
Ng Cin Yan Contract Law Ng Cin Yan Contract law is a law which regulates the commercial world by enforcing contracts.1 Contracts allow consistency and also certainty in business transactions which in turn increases business efficiency. This is because a contract sets down clearly the obligations and rights of each party in an agreement‚ hence making sure that the parties are aware of their individual responsibilities before and after consensus ad idem or in other words the meeting of
Premium Contract Contract law Common law
Firstly‚ we have to distinguish whether Jack makes an invitation to tender or an invitation to treat. According to Harvela Investments Ltd v. Royal Trust Co of Canada (CI) Ltd (1986)‚ the usual analysis is that an invitation to tender for a particular project is simply an invitation to treat. ’ However‚ in the case of Harvela Investments Ltd‚ the invitation to tender is treated as an offer implicating legal obligations. I believe that Jack was making an invitation to treat rather than an invitation
Premium Contract
complete fusion of these jurisdictions has not yet occurred. The two “streams” of jurisdiction have merged in some areas as the law has developed‚ but are technically still separate. This essay will prove this claim using the equitable doctrines of estoppel and fiduciary obligations and will then discuss remedies. 2. History of Equity Prior to the enactment of the Judicature Act 1873‚ the administration of common law and equity was completely separated. The principles of equity developed in the
Premium Common law Lawyer
Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract:
Premium Contract
It is an ordinary that Quasi-Contract is a waste paper wicker bin For the transfer of a “heterogeneous accumulation of cases resisting Conventional systems for order; however it is shown in the Succeeding passages that the circumstances is not all that terrible as that‚ despite the fact that there is no "Method of reasoning of Quasi-Contract‚" there Are yet close to three obviously classifiable gatherings in the wicker container which‚ when divided from one another‚ can be interfaced up to " different
Premium Contract Law
SALE OF GOODS Nature and Sources of Sale of Goods Law It is principally to be found in the Sale of Goods Act Cap 31 and certain propositions of the English Common Law. The Kenyan Sale of Goods Act is a replica of the English Sale of Goods Act of 1893 as passed in 1963. In addition to the Sale of Goods Act‚ the general rules of contract law apply to contracts for sale of goods. Contract of the Sale of Goods S.3 (1) of the Sale of Goods Act defines a contract for the sale of goods as ‘a contract
Premium Contract
LEGT 5512 LEGAL FOUNDATIONS FOR ACCOUNTANTS SESSION 2‚ 2010 CASE LIST This Case List is not intended to cite every case quoted in lectures and tutorials during the course. Its purpose is to give students a handy citation of a number of leading cases with brief statements to help identify them. This list may not be taken into the Final Examination. 1. 2. 3 Commonwealth v State of Tasmania (1983) 46 ALR 625 Federal and State powers Lee v Knapp [1967] 2 QB 442 “Stop after accident” – golden rule Smith
Premium Tort Contract Invitation to treat
INTRODUCTION A contract may be defined as an agreement between two or more parties that is intended to be legally binding. The first mandatory requisite of any contract is an agreement (consisting of an offer and acceptance). At least two parties are required; one of them‚ the offeror‚ makes an offer which the other‚ the offeree‚ accepts.1 A contract may be defined as a legally binding agreement or‚ in the words of Sir Frederick Pollock: "A promise or set of promises which the law will enforce".
Premium Contract
ignoring his promise that he would not insist upon his strict legal rights. This essay mainly structures around this principle‚ ‘Promissory estoppel’ and highlights its basic requirements. In the absence of a bargain‚ promissory estoppel and moral obligation are the only grounds upon which common law courts enforce promises. The principle of promissory estoppel came into existence to preclude the necessity for consideration in cases where parties are already bound contractually with each other and
Premium Common law Contract Plaintiff