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BusinessContractualRelationships
Outcome1
CandidateName:
GradeandClass:
Content
TOC\o"1-3"\h\u
1.0Introduction
2
2.0Finding
2
2.1
2
2.2
3
2.3
3
A
3
B
4
2.4
4
A
4
B
5
2.5
5
3.0Conclusion
6
4.0Reference
6
1.0Introduction
ThisreportneedusetheBusinessContractualRelationshipsknowledgetoanalysisfivequestions.AlltheallneedtocontactthecasethatthesomethingwiththeJohn.
2.0Finding
2.1
Yes,theJohnhasthecontractualrelationship.
Offerandacceptanceareelementsrequiredfortheformationofalegallybindingcontract:theexpressionofanoffertocontractoncertaintermsbyonepersontoanotherperson,andanindicationbytheoffereeofitsacceptanceofthoseterms.Theotherelementstraditionallyrequiredforalegallybindingcontractareconsiderationandanintentiontocreatelegalrelations.Offerandacceptanceanalysisisatraditionalapproachincontractlaw.Theofferandacceptanceformula,developedinthe19thcentury,identifiesamomentofformationwhenthepartiesareofonemind.Thisclassicalapproachtocontractformationhasbeenweakenedbydevelopmentsinthelawofestoppel,misleadingconduct,misrepresentationandunjustenrichment.Therearemanytransactionsinvolvingthetransferofownershipwhicharenotcontractsofsale.Forexample,gifts,mortgages,exchanges(barter),thesupplyofmaterialsunderacontractforworkandmaterials,andsoon.Asalemustinvolvethepassingofsomeformofownership,thisdoesnonecessarilyinvolveatransferabsolutetitletothegoods.Therearesomedefinitionswhichyouwillneedtounderstandwhenlookingatthequestioncwhetherornota"contractofsaleofgoods"exists.
Inthecase,theJohnpaidforthelaptop,itbelongtoexchangesandbelongtothecontractofsale.TheJohnhasthecapacitytocontractwiththeMegaTechcompany.
2.2
Yes,Johncanrejectandreturnthelaptop.Becausescratch”ConsumerRightAct2015”section9-SatisfactoryQuality’
Thesection9wasrevisionbythestatutelaw.Thestandardofsatisfactoryqualityisthatareasonablepersonwouldregardassatisfactory,haveafullconsiderofgoodsdescription,thepriceandallotherrelevantenvironment.Andthereare5factorspotentiallyrelevant.Fitnessforthepurposeforwhichgoodsofthekindinquestionarecommonlysupplied.Appearanceandfinish.Freedomfromminordefects.SafetyandDurability.ButinthecasetheJohngotthelaptophasthedifferentappearance.
Section11--SalebyDescription
Aimpliedconditionisthegoodswillcorrespondtothedescription.Ifadescriptionisappliedtothegoods,itisasalebydescriptioneventhoughthebuyerdonothaveinspectedthegoods.Inthecase,thelaptopdifferentwiththeJohndescribe.
SotheJohncanrejectandreturnthelaptop.
2.3
A
Incorrectthesalesassistantcorrect.BytheConsumerRightAct2015thefactthatgoodsareinasaledoesnotdiminishthebuyer'sunlesstheyareclassedas“seconds”etcoraparticulardefectisbroughttotheattentionofthebuyerasbeingthereasonforthereductioninprice.ItisunlawfulundertheConsumerTransactions(RestrictionsonStatements)Order1376,asamended,tostatethatthereis“NorefundonSaleGoods".
InthecasethesalesassistantwanttorefundJohnorreplacethelaptopforhim.
B
No,theshopcannotrelytosignthatexclusioncontract.InaconsumercontractanyattempttoexcludeorrestrictliabilityforbreachIofSections13,14and15isvoid.
Consumercontractsarewhenonepartydealsinthecourseofabusinessandtheotherpartydoesnot-foracontractofsaleofgoods,thegoodsareofatypeordinarilysuppliedforprivateuseorconsumption.
IncommercialcontractsanyattempttoexcludeorlimitliabilityforbreachofSections13,14and15shallhavenoeffectunlessitwasfairandreasonabletoincorporatesuchanexclusionorlimitationclauseinthecontract.Theonusofproofthatsuchanexclusionisfairandreasonablefallsonthepartyseekingtoenforcethecontracting-outclause.
2.4
A
ConsumerCreditAct1974isaconsumercreditagreementorconsumerhireagreementotherthananexemptagreement.Debtor-creditor-supplieragreementisoneofthemaincategories.Debtor-creditor-supplieragreement.Wherethecreditorisalsothesuppliesofthegoods.Intheseagreementswheregoodsorservicescostmorethan£100orlessthan£30,000thedebtorcanholdthecreditorjointlyandseverallyliablewithsupplierwhenheclaimsmisrepresentationIorbreachofcontractagainstthesupplierknownas“connectedlenderLiability”.Ithave3part.Inthecase,Johnisthedebtor,theBankisthecreditorandtheMegaTechcompanyisthesupplier.Thereisaper-existingfinancingarrangementbetweencreditorandsupplier.Inthecase,theshopwasofferingthecreditoptionandthecreditwasfinancedthroughBank.Besidesthat,theMegaTechcompanyandBankarejointlyandseverallyliable.Therefore,JohncouldlettheBankundertaketheresponsibility.
B
Inthecase,thebankandJohnhavejointliability,thentheyareeachliableuptothefullamountoftherelevantobligation.Accordingly,theJohnmaysuebankforthefullamount.However,insuing,thecreditorhasonlyonecauseofaction;i.e.,thecreditorcansueforeachdebtonlyonce.Inthecase,theJohnsuesallofthemfortheoutstandingloanamountandoneofthempaystheliability,thecreditorcannotrecoverfurtheramountsfromthebanksandthecompanywhodidnotcontributetotheliability.
2.5
Yes,Annahasnocontractualrelationship.ConsumerProtectionAct1987isastrictliabilityonaproducerfordamagescausedbyadefectiveproduct.Aboutthe
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