Contract Knowledge Mgmt.

Exam -The classification of legality (the pyramid/& the cheesecake) public edict/ close fair play etc. - balance decidendi -Obiter dicta -The essentials of a contract o event ? consideration -Treat and the counter offer(what is an invitation to treat) -The waste of interpretation of legislation (golden rule, etc) -What is the limit company (ltd) and what is the plc? - fare the German truths -Know the comparison -How to play a new company (MOA) -Rights and duties of the directors (liability) -What is belongings out? -Know companies act Classification of Law 1. Municipal rectitude Public law of nature: fundamental law, administrative law, criminal law Private law: law of contract, torts, property, succession, agency, employment, familiy law 2. International law (European Law) 3.

Private International law Sources of Law Continental European law = written, codified law Bürgerliches Gesetzbuch (Germany) law accomplished (France) Codice civile (Italy) Common law unwritten law is plethoric derives from legal precedents Two principal sources determine English law: code (enacted law by parliament) Judicial precedent balance decidendi and Obiter dicta Ratio decidendi: = the legal principle of a precedent case; = the handedness of law in relation to the particular facts »Is binding Obiter dicta: = pronouncements by the way = upon points of law which are not directly relevant to the issue »Is not binding The essenti als of a contract 1. broaden: a definite! promise to be bound on plastered specified footing „I will swop my rail automobile for 500 Euro 2. Acceptance: final consent to all the terms of the offer „I will pull up stakes you 500 Euro for your car 3. Consideration: a benefit to cardinal party or a detriment to the other „the constituent of exchange in a contract Offer effectual offer: -Must be communicated, so that the offeree may accept...If you want to catch a full essay, allege it on our website: OrderCustomPaper.com

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