Hi, need to submit a 1250 words paper on the topic Contract Law As the basis of Business Law.

Hi, need to submit a 1250 words paper on the topic Contract Law As the basis of Business Law. law has made exceptions in the acceptance of an offer. Acceptance is the words, writing

or conduct of the offeree that signifies consent to the agreement proposed by the offeror.

When we view The Sale of Goods Act 1979 Part II S4-How a Contract is Made- and s

(1), the statute states the spectrum of contract formulation. Additionally, we find the

principle of acceptance by conduct when we view Brogden v. Metropolitan Railway Co.

[1877] 2 App Cas 666.

Adam and Mark entered into a simple contract, which can be oral, written or

both. Simple contracts can be held valid in court. Particularly in a business

transaction. the court makes the presumption that the parties did have the intent to

become legally bound. Of course the presumption can be disputed by either party,

however the disputed party must proved to the court that his intent was not to be legally

bound. Failure to convince the court, the court will then decide the case by means of the

relevant Presumption.

I would advise Adam that he has in fact created a binding contract with Mark. We

find auxiliary conversations in Rose v. Crompton Bros. (1925). concerning the talk of

not having a written and signed contract was of itself a recognizable legally binding

agreement. The court concluded that contracts had been created, and the defendant in

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failing to execute them, were in breach of contract.