Series of seminars for clients wanting to set up business

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Reference no: EM132159222

Scenario

You are a solicitor working for a firm which provides a series of seminars for clients wanting to set up a business for the first time. Your task is to produce a written report, to be given to each client attending the seminar, setting out in “user friendly” style the principles of law relating to the formation of a valid contract and their application in business situations.

You have decided to produce the information as a set of questions and answers with an analysis of several case studies to illustrate the legal principles.

1. Explain the importance of the following essential elements

a. offer and acceptance

b. an intention to create legal relations

c. consideration and privity of contract

2. Explain the importance of the following essential elements:

a. consideration

b. an intention to create legal relations (Presumed if family not arrangement)

c. consideration and privity of contract

d. legal capacity (evidence needed)

3. Explain the significant differences between the following types of contracts and discuss the impact on the parties of those differences:

Standard form contracts,

Contracts in writing, and

Reference no: EM132159222

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