Law of contract Case Study is defined as, a contract is an agreement between two or more parties to offer a service, provide a product or commit to an act and is enforceable by law. It is an expressed agreement which comprises of six elements which make it a binding and a legal document. Acceptance is termed as an element which comprises of the agreement by the other party to the offer presented. Consideration refers to the mutual interest for example money; that is being exchanged between the involved parties. The law of contract states that, for a contract to be valid, the parties involved must meet the age criteria and have a sound mind.
Contract law case study. A contract law includes various kinds of rules and regulations enacted for enforcing specific promises made about certain conditions. In a contract, each of the parties has certain obligations to be followed.