This paper concentrates on the primary theme of Consideration is ‘some right, interest, profit or benefit accruing to one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other’. Using this definition look at the following examples of problems and s in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.
BUSINESS LAW
Instructions to candidates:
a)Time allowed: Three
hours (plus an extra ten minutes’ reading time at the start – do not write
anything during this time)
b) Any FIVE questions
c) All questions carry
equal marks. Marks for each question are shown in [ ]
1.Consideration is ‘some
right, interest, profit or benefit accruing to one party, or some forbearance,
detriment, loss or responsibility given, suffered or undertaken by the other’.
Using this definition look at the following examples of problems and say if
there is a valid consideration and therefore a good contract, and if there is
not then explain why.
a) John bought a horse
from Harry for £100. After the contract was formed Harry told John that the
horse was very placid and good tempered. In fact the horse was bad tempered and
vicious. John wishes to sue Harry for breach of implied warranty.
b) This problem happened
two hundred years ago where a man had killed another man and was in prison
under sentence of death. He asked his friend to try to find the King and get a
King’s Pardon. His friend travelled all over the country until he eventually found
the King and got a pardon which he then took to the prison where his friend was
released. The man then promised to pay his friend £100 for his trouble. He
later changed his mind and refused to pay. He was sued by his friend for breach
of contract. Does he have to pay?
C) X made a contract with Y for X to supply and
lay a large roll of carpet at the premises of Y. The
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carpet was delivered
to Y`s premises but was stolen before it could be laid. X is suing Y for the
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price of the carpet on
the grounds that it had been delivered as agreed. What
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will be the result?
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[20]
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2.
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Explain and illustrate
the different types of illegal contract.
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3.
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Write an account of
the tort of defamation.
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[20]
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4.
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Write an account of
the contents of Sections 12, 13 and 14 of the Sale of Goods Act 1979.
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[20]
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5.
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a)
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What is a partnership?
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b)
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What are the different
kinds of partner?
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c)
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What liabilities do
they have?
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d)
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Can you form a
charitable organisation as a partnership?
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[20]
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6. a) In what ways may a contract be discharged?
b) Discuss the following
case and decide what the result would be:
A Town Council made a contract with a
development company to have a block of flats built on some land they owned. The
agreed price was £2 million. Owing to unforeseen circumstances the price of
labour and materials went up during the year. As a result it cost the
development company £20,000
more than the agreed
price. They are claiming the full costs of £2 million plus the £20,000 on the
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grounds that the
contract was frustrated.
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[20]
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7. a) What is meant by a contract of
employment?
b) How can you
differentiate between an employee and an independent
contractor?
c) What are the
employer`s duties?
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d)
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What are the
employee`s duties?
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[20]
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8.
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a)
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Give an account of the tort
of negligence.
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b)
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Explain the liability
that exists regarding the issuing of negligent misstatements.
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[20]
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