Contract Law: Mr. Rajesh v. Cherry Motors

Abstract

Contract law has undeniably gained an essential position in guiding businesses and individuals for resolving conflicts. Though the Contract Law traces its roots in antiquity, particularly English Contract Law originated from lex mercatoria and was refined during the industrial revolution, it still plays a vital role in a seamless operation of businesses and industry by resolving issues and conflicts relating to everyday and routine activities.

Despite the rich and long intellectual history of moral, philosophical, legal, political, and economic reflections on the presence of contracts and agreements, including Contract Law; many contemporary scholars hold the view that agreements still lack a coherent, consistent, and clear theoretical foundation. The aim of this paper is to discuss the contractual issues pertaining to the case of Rajesh v. Cherry Motors in the light of Contract Law and attempts to advise Rajesh on the complex and intricate issues, apart from identifying which party should prevail in the case.

Table of Contents

Abstract1

Contract Law: Mr. Rajesh v. Cherry Motors3

Introduction3

Discussion4

Background to the Case4

Analysis of Contract Law5

Elements of Contract6

Invitation to treat6

Offer7

Communication of the offer8

Acceptance9

Communication of the acceptance10

Counter-offer10

A request for information12

Advice to Rajesh12

Conclusion15

Bibliography16

Contract Law: Mr. Rajesh v. Cherry Motors

Introduction

It should be noted that Contract Law will be utilized for guidance in the given case of Rajesh v. Cherry Motors. Before proceeding with the details of the case, it is essential to understand the details of the Contract Law. Contract law, as commonly referred to is a sub-sector liability law. This form of legislature can be described as a set of legal rules, which govern the civil liability arising from different types of contracts. The Contract Law further includes separate institutions, such as contract, purchase, lease, etc of contractual obligations.

In today's rapidly changing business environment, the importance of law cannot be denied as it is a vital ingredient of doing business. The importance of law, especially Contract Law cannot be denied as it is a vital ingredient of doing business in today's rapidly changing business environment.

The primary essence and foundations of civil obligations and rights is a legally binding contract or agreement that defines the mutual obligations and rights of the parties involved. The quality and enforceability of the contract depends on the written and unwritten aspects of the contract, business reputation and economic security of the entrepreneur. There is no doubt that contractual relationships among individuals, communities, organizations, and states have emerged as a mandatory legal instrument of market coordination and state regulation. In fact, a contract binds person to person, person to organization, person to society, person to state, organization to organization, and state to state in private, economic, social, and political affairs.

Discussion

Background to the Case

The case pertains to the basic conflict involving a consumer and a company, where the latter party issued an advertisement in the newspaper. In October, Rajesh visited the Motor Show and obtained a sales brochure from the Cherry Motors stand. The brochure gave a detailed specification of the company's latest car, called the ...