Reference no: EM132589008 , Length: 2300 Words

The following learning outcomes for the module are applicable to this assignment:

Identify the components of a legally enforceable contract

Demonstrate an understanding of the factors which may render a contract unenforceable, including unfair terms, misrepresentation, mistake, duress and frustration

Analyse the appropriate remedies for non-performance of or breach of contract.

Utilise primary and secondary legal sources in order to produce a coherent legal argument

Ability to comprehend and use basic numeracy information in problem questions.

Your response should be 2300 words.

For the purpose of the contract law moot presentation submission, instead of participating in a live presentation, you need to write an assignment. You must ensure that the answer is referenced properly following the OSCOLA referencing style.

"The rule in Pinnel's Case has proved very controversial. The effect of the rule is that it is not enough to give a creditor some only of the money to which he is already entitled. Thus the rule makes it difficult to enter into compromises of claims, which it can often be commercially beneficial for both parties to do. The courts have, however, developed a number of exceptions to the rule."

With reference to relevant authorities explain and analyse these "exceptions" both at common law and in equity.

You must make sure that you answer the question asked for the assignment using wider reading and apply your learning to support your answer.