Question: a 1. (a) Define consideration? When can contract be formed without consideration and under which law, discuss with examples. (b) In case of a breach

a 1. (a) Define consideration? When can contract

a 1. (a) Define consideration? When can contract be formed without consideration and under which law, discuss with examples. (b) In case of a breach of contract, when one may ask for 'specific performance of contract? In short, explain the discretion' that Court of Law enjoys while considering whether specific performance will be given or not in a particular case. In what cases it is likely that the court would refuse to grant specific performance of contract

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

This question is from Business Law. Kindly, answer this question in 'ILAC method'. Thank you. 1. (a) Define consideration? When can a contract be formed without consideration and under which law,...

Megastorez.com placed an online advertisement, stating that Aces laptops (Model No. LP100) were \"...available at S$999 each for customers who paid by PayPal, Next day delivery guaranteed...\" at its...

What was new or surprised you? what was the main take away? lthough it is true that consultants need to have a clear conceptual As a consulust, how do you view humans? Are you more atincted to and...

QUESTION 1 An example of an unconscionable contract is: The contract requires one party to supply a product at a discount One party agrees to pay a 25% premium to obtain the product The contract...

QUESTION 1 Garden Field Farms and Haute Gourmet Restaurant, Inc., enter into a contract for a sale of lettuce. After Garden Field ships the lettuce but before Haute Gourmet receives it, the buyer...

One Question (Explains ) 1. Did Waye Have an Employment contract, either oral or written, with EcoCare? Why or Why not? CASE The Broken Employment Contract? Arthur Wayne walked out of Sara Bell's...

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

The importance of diffusion in catalyst pellets can often be determined by measuring the effect of pellet size on the observed reaction rate. In this exercise, consider an irreversible first-order...

Multiple Choice Questions 1. In evaluating three mutually exclusive alternatives by the B/C method, the alternatives are ranked A, B, and C, respectively, in terms of increasing cost and the...

The term " S corp" comes from: the Internal Revenue Code. the FTC rules. the U . S . Constitution state corporate law.

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...