Question: A binding contract will only be enforceable against a party to a contract if that party entered into the contract willingly. Describe the circumstances in

A binding contract will only be enforceable against a party to a contract if that party entered into the contract willingly. Describe the circumstances in which a binding contract may be rendered unenforceable due to a lack of genuine consent. In your response:

Outline at least one (1) example of a vitiating factor, explaining the effect of the vitiating factor/s on the contract;

AND Refer to relevant case law and/or legislation to support your answer.

(5 marks)

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!

Question 1: A binding contract will only be enforceable against a party to a contract if that party entered into the contract willingly. Describe the circumstances in which a binding contract may be...

A binding contract will only be enforceable against a party to a contract if that party entered into the contract willingly. Describe the circumstances in which a binding contract may be rendered...

True or False for all? 1. A contract is an implied contract if there is written or oral expression of the parties to enter into a binding agreement. 2. An offer is a promise to do something or to...

do you agree with this discussion? How do you think about it? Every contract needs 'consideration'. Consideration is a fundamental element of a contract where each party agrees in exchange for...

Void Contract A contract that is not enforceable by either party. Contract in which one party promises to perform in exchange for the performance of the other party. A contract in which one party can...

Contracts are the bedrock upon which the business world is built.Contracts dictate the terms of most trade whether between businesses or between businesses and the consumer.The requisite elements...

1.* A partner in a firm which gives negligent advice may personally liable for the adverse consequences 2. * A director in a limited company will usually be held personally liable for the...

1 * In New Zealand a draft Act of Parliament is a Bill which passes through various stages of discussion and becomes law when signed by the British Queen's representative in NZ, the solicitor-general...

Ture/False? 21* In New Zealand a draft Act of Parliament is a Bill which passes through various stages of discussionand becomes law when signed by the British Queen's representative in NZ, the...

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

When auditors become aware of noncompliance with a law or regulation committed by client personnel, the primary reason that the auditors should obtain a better understanding of the nature of the act...

Compute the first and second derivatives of the following function. p(x)=iter

John has had a fire in his attached garage that destroyed the garage with some minor damage to the rest of the house. In his garage were several items. Which item is UNABLE to be covered under his...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...