Business law
1. In both cases, it is to be decided whether or not contracts exist between the parties involved for their respective courses of action.
Elements of contract
To be legally classified as a valid simple contract, there are three essential elements:
1)<Tab/>Agreement in the form of an offer and acceptance
2)<Tab/>Intention to create legal relation
3)<Tab/>Consideration
<Tab/>
…
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…the Sales of Goods Act 1958 (Vic)
Reference list
1)<Tab/>Sweeney, B. and O'Reilly, J., Law in Commerce, Butterworths: Sydney, 2001.
2)<Tab/>Latimer, P. Australian Business Law, CCH Australia Ltd (20th edition)
3)<Tab/>Turner, C. Australian Commercial Law, LBC Information Services: NSW 1999.
4)<Tab/>Turley, I. Principle of Commercial Law, Cavendish Publishing: Sydney, 2001.
5)<Tab/>O'Reilly, J. (2004) Lecture Note
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