What are the essential elements required for the formation of a contract in the UK and explain their importance. Include an explanation of what is meant by �an invitation to treat� with reference to the scenario above.

1.1 What are the essential elements required for the formation of a contract in the UK and explain their importance. Include an explanation of what is meant by an invitation to treat with reference to the scenario above.

1.2 In the report, identify and discuss the main types of contracts that may be entered into in the UK by individuals and businesses and discuss their impact.

2.1 Discuss the above scenarios in detail in context of various elements of a contract. In other words are the contracts between Bill and Cathy, and Bill and Liza valid?

MERITS AND DISTINCTIONS

M3 Use a report format throughout task one.

D2 In the report, add an exploration and explanation of the term of the term promissory estoppel using case law to support your explanation.

Task Two

Short Answers

LO1 Understand the essential elements of a valid contract in a business context.

LO2 Be able to apply the elements of a contract in business situations.

Scenario A:

Opera singer Joyce DiDonato entered into a contact to perform as an opera singer for 3 months for the Royal Albert Hall company. She became ill five days before the opening night and was not able to perform for the first four nights. The Royal Albert Company replaced Joyce DiDonato.

Subsequently Joyce DiDonato sued the Royal Albert Hall Company for Breach of contract.

Subsequently Joyce DiDonato, agreed by contract to perform as an opera singer for another company. She again became ill and missed 6 days of rehearsals. The employer sacked her and replaced her with another singer.

Again Joyce DiDonato sued for Breach of contract.

Express and Implied Terms

The parties entered an agreement whereby Scammell were to supply a van for 286 on Hire Purchase (HP) terms over 2 years and Ouston was to trade in his old van for 100. There was then some disagreement and Scammel refused to supply the van. The claimant was a farmer who had a tenancy on the defendant`s fields. The claimant had planted corn and Barley on the fields and worked the fields to ensure the crops would grow.

Before the field was due to be harvested the tenancy was terminated. The claimant then submitted a bill to the defendant for the work and cost of seed spent on the field as was customary in farming tenancies. The defendant refused to pay stating there was nothing in the tenancy agreement stating that such compensation was payable.

Task Two: Short Answers

The following must be included in your answers:

1.3/2.2 Analyse terms in contracts with reference to their meaning and effect. What would be the impact of such terms? Use these in reference to the cases above and apply the law on these terms in these two contracts.

2.3 Evaluate the effect of Expressed and Implied terms using the cases above.