Answer the following questions in a single document using the information given to you throughout the course and additional research.

1. Explain briefly the essentials of a contrat. Your answer must be given in full sentence/s, not bullet points.

2. Imagine that the seller tells Luke that he accepts his initial offer of 90,000 Euros, but then goes on to sell the taxi to a third party. What is the legal position on whether or not Luke has the right to be sold the taxi?

3. What will the courts consider when looking at the fairness of the restraint of trade clause?

4. What legal action could Luke take if the seller went on to offer his services to the clients on the list provided within the 1 year period?

Case Study Luke Stilwalking runs a private taxi business. He has seen an advertisement on a website for a taxi license in the municipality he works in. The license is being sold at 120,000 Euros. He contacts the seller and makes an offer of 90,000 Euros, as he believes that the owner will be interested in a quick sale. Luke and the owner ultimately come to an agreement, for a higher price than Lukes initial offer, on the condition that the seller provides Luke with his client list and agrees not to contact them over a 1 year period.