English Law of Contract

English Law of Contract

Introduction

English contract law is considered to be law body, which regulates contracts within the regions of Wales as well as England. In addition to that, it is highly important to note that it tends to share heritage with other countries as well, which basically includes India, Canada as well as Australia. Apart from that, this law also shares its heritage with the contract law of the United States. According to the law itself, any agreement which could be enforced in the court of law is considered to be a contract.

The motive behind the development of this law was to ensure that the English people are true to their word and are able to fulfill their word as well to what they have agreed to in the court of law. The law highlights that a contract is made when one individual makes an offer and the other accepts it (Burnham, S. J., & Kraynak, J. 2012).

This binds both the individuals or parties in to a legally binding contract. However, it is imperative to notice that some of the agreements are made on a larger scale, including land and assets. For these particular things, proper agreements are made with the required signatures of all the parties involved as well as witnesses. Under the law of contract, every party is liable to its own duties and responsibilities. In case of a failure to meet the agreement, it is imperative to note that the party, which is innocent, gets entitled to cease their own performances as well as sue the other company for the damages which it has incurred because of the subordination of the other party. However, another important thing to note is that agreements are only made when they are realistic enough to be performed (Burnham, S. J., & Kraynak, J. 2012).

Discussion

As far as the management of GEL is concerned, they are obviously trying to get all the compensation out of the CC. according to the contract, which was made between the two parties; the GEL has a solid case regarding its losses. Firstly, an error was made in the construction of the diving pool. It was supposed to be 32 feet, but the pool was made of 30 feet. According to the law, this is definitely in violation of the contract, where it was specifically instructed to develop the diving pool of 32 feet. In addition to that, the CC was also in violation of other contract laws as well. According to the law of contract or mercantile law of the United Kingdom, it is imperative to consider the clauses.

Firstly, when the pool was not made in accordance with the instructions, the GEL has a valid case and they are liable to ask for 90000 pounds. In addition to that, another important thing to notice here is that in majority of the cases, if the construction company is not able to finish the project on time, then it is likely to be ...