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For many law firm owners, unpaid invoices are more than an administrative inconvenience—they are a direct threat to cashflow, profitability and growth. If you're running a busy family law practice, your focus should be on serving...
This is a complex doctrine (principle) that has inflamed arguments between leading contract scholars! Put simply it is the act of giving or promising to give something or receiving or promising to receive something. Contracts are not usually binding (enforceable by...
The rules of consideration have been established over many years through case law. In summary, they can be grouped into 3 man rules. We have taken a look at rule 1. Now we look at rule 2: “Consideration must be sufficient but does not have to be adequate”. In this...
The rules of consideration have been established over many years through case law! In summary, they can be grouped into 3 main rules. Note: some sources may refer to these rules in a different order but the principles are the same. In the video below The Law Guide UK...
What is acceptance. Acceptance is a crucial element for a valid contract to be formed. The offeree has 3 ways to accept a valid offer. If you are unsure how to make a valid offer or if you are unsure what “offeror” or “offeree” means then click here. So...
What is an offer? An offer is a promise to do or not to do something. The party who makes the offer is called the “offeror”. The party to whom the offer is made is called the “offeree”. A genuine offer should be open to be accepted, rejected or countered by the...
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