Contract Law

Contract Law

Introduction

The main purpose of this paper is to make an analysis of the two cases of Marlene, and provide the contractual obligations based on these case studies. The case studies are about Marlene, one case study is about the purchase of Coffee machine, and the second case is about the sale of the car. Thus, this paper is the brief explanation of the contractual obligations of this case study.

Case Overview

The case study is about Marlene who opened her coffee shop on 16th April, and signed a contract with Dash Signs Ltd to hand over the coffee machine by 14th April. It was mentioned in the contract that in case the company fails to deliver the coffee machine on time, then there will be no obligations on the company. Thus, DSL failed to deliver the coffee machine on time; therefore, Marlene's had to bear financial losses. In order to overcome the financial losses, Marlene gave the advertisement to sell the car. She puts the loose cover on the stained seats in order to hide these stains, and also mentioned that this car had 3 previous owners. After few days, Henry came and bought the car and signed the contract in which the number of previous owners was not mentioned. Later on, Henry discovered that the car been used by a large number of customers, and he also found the stains in car behind the rear seat covers. Now Henry wants to give the car back to Marlene against the return.

Discussion

As per the contract law, section 27 (2009), there is no obligation and contractual rights on both the parties. Contract law is in fact a sub-sector liability law, a set of legal rules governing the civil liability arising from the different types of contracts. Includes separate institutions of contractual obligations (purchase, lease, contract, etc.). Contract is an agreement of persons, which entails the creation, termination or modification of the rights and responsibilities of parties to the contract. As a general rule, established by the Civil Code of the Russian Federation, in most cases, "the contract deemed to be concluded at the time of a person who has sent the offer, its acceptance." For the preparation of contract is first necessary to define the subject of the contract. The following types of contracts: delivery, sale, contract, lease, cargo, paid services, the contract of pledge, assignment, commission. Next, specify the contract price, monetary unit in which the price will be given, as well as what the price is formed. It is also determined by the terms of payment and terms of fulfillment of obligations under the contract. These both cases lie under the contract law. In the first case, the DSL is not obliged to breach of contract because it was mentioned in the contract that the company will try its best to deliver the goods on time, and in case the company fails to deliver the coffee machine on time then the company will not be responsible and liable of ...