Contract law

Contract law

Introduction

In the light of the background provided the law which will be discussed in the course of the paper tends to be contract law. Contract law is a sub-sector liability law, a set of legal rules governing the civil liability arising from different types of contracts. Includes separate institutions of contractual obligations (purchase, lease, contract, etc.).The main source of civil rights and obligations is a contract that defines the mutual rights and obligations of the parties. As per the spirit of the law the quality of the contract depends on economic security and business reputation of the concerned entrepreneur, organization or even an individual. However, in practice, often typical of the contract, most of which do not protect, and often violate the rights of one or both sides.

However, a fact needs to be kept in mind that the every law is not guaranteed or looked by the court in order to be implemented. However, in the light of case identified the case stand more on the grounds of verbal promises. Since neither Anne or Betty indulged into any written law or contract regarding the sale of the washing machine. However, for the enforcement of promises, or an agreement court observe some elements. The contract actually involves a process of certain elements. The whole process tends to be initiated as soon as the offer is made. For the formation of the contract the offer must be accepted, unconditionally.

However, offer and acceptance does not stand on such simple grounds rather it inculcates various aspects of offer and acceptance. After the communication of acceptance, law needs two other elements as well. One is consideration another is terms of the contract. As indicated above that the paper will stand to discuss the notions related to case as provided. It would be done in order to inject a better understanding of the case.

Discussion

Background of the Case

Before moving further in the context of the paper it is essential that a formal understanding of the case tends to be identified. Therefore, this section of the paper will shed light on the grounds of the case. The case involves Anne and her friend Betty, and the object around which the case tends to stand is the sale of the washing machine. However, the fact needs to be kept in mind that the Anne here tends to stand as the owner of the washing machine. Whereas, her friend Betty tends to be character who tends to show an interest in the purchase of the washing machine. Betty expressed her desire or interest in buying Anne's old washing machine but only if she wanted to sale it. As per the spirit of the case it is important to mention that it was on Monday that Anne wrote to Betty stating: “Are you still interested in buying my old washing machine? I am going to buy a new washing machine for myself and can let you have my present one for £200 cash. If you are interested, please write back ...