Question 1: Contracts made between Intoxicated Persons The first contentious issue arising from the case is whether or not Bob is legally obliged to pay Jon the £5 he promised to pay him for increasing his share price by the agreed margins. Naturally, the honourable thing would be for Bob to honour his part of the deal since there is evidence that Jon has already fulfilled his duty. However, in legal terms, there are several factors that must be considered. One of the crucial factors relates to the manner in which the deal between the two was struck. In contract law, the term ‘formation’ comprises aspects such as………..
The post CONTRACT LAW
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