Contracts are the mutual consents between two or more companies. To learn this in a better way, order your contract law assignment help in Australia and UK. Our team will help you in all possible way with your contracts law assignments and homework.
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What is contract law?
Contract law deals with the laws that enforce, interprets and governs agreements related to the exchange of any sort of property or capital. The prime difference between a contract and an agreement is that contracts are legally enforceable whereas agreements aren’t.
The offer and acceptance of the contract should also be a fact of prime concern because, in order for a contract to be formed, the parties must reach a mutual assent. The offer means that what is the benefit that the contract is providing to any of the party or both of them and if the parties see all their conditions meeting under the contract then regarding an offer the acceptance is made.
Nature and importance of contract law
The query of an agreement arises only when two or more parties come to abide by a certain set of rules. These parties can be individuals, partners, organizations or something else. A certain set of laws governs the contracts:
The Common Law:
The defining property of common laws is that it arises as a precedent. Common law is that body of law derived from the judicial decision of courts and similar tribunals.
The Uniform Commercial Code:
The UCC regulates the business and commercial rules that are uniform for every organization or business holder. These prevent malpractice and unethical practices among deals and transactions and provide cross-cut justice for every single person in the commercial field.
A valid contract has four parts:
Offer, acceptance, consideration and mutual intent into the agreement. company contract law assignment help is enforced to assure that a legally enforced contract isn’t violated under any sort of conditions which can lead to the breach of the contract.
Types of contract law
As per the contract made by the parties, it can be classified into the following categories:
Contracts under seal.
Executed and executory contracts.
Void and Voidable Contracts.
These are the major contracts that fall under the contract law. Apart from them, there can be several other types of contract law case studies possible which can be of impeccable importance for a business or company. For company contract law assignment help refer to the assignment writing services for best results.
Functions of contract law
Contract law serves many principal functions and purposes in society. Some of them are listed below:
Resolving disputes that arise due to the violence of the terms and conditions mentioned in the contract.
Protecting liberties and rights of the parties involved in the contract so that the basic amendments in the constitution justify their cause and consequences rightfully.
Establishing standards in society so that the crime rates reduce.
Maintaining order which is an offshoot for establishing standards.
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