Sara Case

Introduction Sara, an baby, obtained a loan of money from Kamal by verbalize him that she was 19 when in f constitute she was only 16. Sara hence defaulted on the repayment. evoke Kamal. To begin with, the age at which an infant is recognized as an adult for managing his or her affairs and responsibilities for any(prenominal) legal obligations getd by his or her actions is called age of bulk to a fault known as legal age (Farlex). According to Australian law, the age of majority is 18 (The Age of Majority , 1999 ). With examine to the case in a higher place we insure that Sara has defaulted on a dumbfound with Kamal when she was merely a minor. A extort is a guarantee or a pay back of announces that is legally dorsum. It will be law risey binding if trustworthy standards are met. In Australia this requires that there be an contract, consideration, figure to create lawful affairs, fulfilment with any legal formalities, demonstration and that the parties cre ate the legal capacity to the contract (Clarke, The law, 2010). ? Agreement The first stipulation of a contract is an agreement which includes the rules of an offer and an acceptance.

An offer is the extreme interaction resulting to a promise to do, or not do something if the soulfulness to whom the offer is intended to does something, or refrains from doing something - or makes a promise in return. An acceptance is an unambiguous statement by the individual to whom it is intended to agreeing to the offer. This can be in written, unwritten or by conduct (Clarke, 2010). Certainty For a contract geo logical formation the contrast must be adeq! uately indisputable and reasonable once the parties rights and requirements can be identified and imposed. If the agreement is uncertain then it cannot establish a binding contract (Clarke, 2010). Consideration The next specify to a contract formation is consideration. It is the price asked for in win over for the promise. It can be in any form, from money to a promise to coin on a particular act; even a mere pepper could...If you want to progress to a full essay, order it on our website: OrderCustomPaper.com

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