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Breach of contract
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- Words:
- 1859
- Submitted:
- Thu Aug 06 2009
- Mark submitted by Author:
... Assessment Question Component two When a contract has arisen between two parties, there is an offer that has been accepted which is supported by consideration with the intention to create legal relations (providing they have the capacity to do so.) Once these four categories have been fulfilled, they are bound to the terms within and are expected to perform their obligations. In our case it is clear that Transfix has contracted with both Mega ltd and Cad Co, to perform necessary work and has provided consideration with the intention to pay £6000 to Mega Ltd and £600 to Cad Co therefore the problems that occur within the case do not involve the formation of the contract as they have satisfied criteria for formation. It is possible for either one of the parties to add or remove something from the originals terms, these are known as modifications, and modifications are similar to formation
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