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Contract formation : law and practice / Michael Furmston, G.J. Tolhurst ; contributor, Eliza Mik.
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Title:Contract formation : law and practice / Michael Furmston, G.J. Tolhurst ; contributor, Eliza Mik.
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Author/Creator:Furmston, M. P., author.
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Other Contributors/Collections:Tolhurst, Greg, author.
Mik, Eliza, contributor.
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Published/Created:Oxford : Oxford University Press, 2016.
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Holdings
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Location:LAW LIBRARY (level 3)Where is this?
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Call Number: K843 .F873 2016
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Number of Items:1
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Status:Available
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Location:LAW LIBRARY (level 3)Where is this?
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Library of Congress Subjects:Contracts.
Offer and acceptance.
Declaration of intention.
Culpa in contrahendo.
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Edition:Second edition.
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Description:li, 443 pages ; 26 cm
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Summary:This new and updated edition provides a scholarly and practical analysis of the legal principles which govern the formation of contracts in English law, offering those involved in litigation and in drafting contracts a guide to the application of those principles in practice. The book comprehensively reviews all the classical rules governing contract formation with extensive coverage of difficult areas such as certainty, conditional contracts, good faith negotiations, auctions, tenders, on-line contracting and the assessment of conduct and silence in contract formation. It also discusses the efficacy, problems and rules around modern contracting, in particular the use of heads of agreement, letters of intent, letters of comfort and the methods of resolving a battle of the forms. In this second edition a chapter has been added on consideration and estoppel. Although this work is based on English law, the authors draw upon decisions in other jurisdictions such as Australia, Canada, the United States, Singapore and New Zealand, where these inform the development of principles in English law.
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Notes:Includes bibliographical references and index.
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ISBN:9780198724032 hardback
0198724039 hardback
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Contents:Machine generated contents note: A. Introduction
B. Objective Theory of Contract and Formation
C. Concept of Agreement
D. Contract Formation: An Issue of Fact or Law?
A. General Considerations
B. Identifying an Offer
What constitutes an offer
Requirements of a valid offer
Commitment
Certainty of terms
Specified addressees
Conclusion
C. Communication of Offer
A. Termination
Introduction
Lapse of time
Delay in the communication of an offer
Death of the offeror or offeree
Failure of a contingency
Rejection and counter-offer
B. Revocation of Offers
General rule
Need for communication
Practical problems with the general principle
Circumventing the general principle
Estoppel and the protection of reliance
two-contract approach
Modification of the rules applying to unilateral contracts
A. Introduction
B. Objective Theory
C. Manner of Acceptance
Prescribed manner of acceptance
No prescribed manner of acceptance
Acceptance by conduct
Time of acceptance
D. Who May Accept an Offer?
E. Offeree Must Accept with Knowledge of the Offer
F. Offeree Must Intend to Accept Offer
G. Correspondence with Offer
H. Acceptance Must Be Unequivocal
I. Acceptance Must Be Communicated
Introduction
Offeror waiving need for communication
J. Silence and Acceptance
K. Instantaneous Communications and the Postal Acceptance Rule
Instantaneous communications
postal acceptance rule
L. Standard Form Contracting and the 'Battle of the Forms'
'battle of the forms' defined
application of contract law principles to a battle of the forms
different approach?
Conclusions
A. Auctions
B. Reserve Prices
C. Tenders
A. Introduction
B. Intention and Consideration
C. Is There an Offer?
Another challenge to objectivity-hypertext
What are the contents of the offer/contract?
D. Is There Acceptance?
Method of acceptance
Effectiveness of acceptance
A. Cases Where the Letters of Intent Do Not Create a Contract
B. Cases Where Letters of Intent Do Create a Contract
C. Cases Where the Letters of Intent Have Some Legal Effect
Letters of intent followed by performance
D. Letters of Comfort
E. Agreements Imposing Obligations as to the Course of the Negotiations
A. Letters of Intent-Some Practical Considerations
B. Possible Ways of Delaying Legal Effect of Letters of Intent
C. Letters of Intent and Partially Completed Negotiations
D. Agreements to Negotiate in Good Faith
E. Refusal to Negotiate
F. Starting Work
A. Introduction
B. 'Construction' of 'Subject to' Clauses
C. 'Subject to Contract'
Introduction
legal effect of a 'subject to contract' provision
No intention to be bound
Intention to be immediately bound and to perform when the time for performance accrues
Intention to be immediately bound but performance is suspended until a formal contract is executed
Intention to be immediately bound but contract to be replaced with a more formal document
D. 'Subject to Finance'
Introduction
efficacy of 'subject to finance' clauses
obligations of the buyer
E. Other 'Subject to' Clauses
obligations of the parties
F. Time for the Occurrence of Contingency
G. Waiver
H. Consequences of the Failure of a Condition
A. Intention to Contract
Introduction
use of presumptions
presumptions and threshold intention
Consideration and intention to contract
Family and social agreements
Commercial agreements
B. Letters of Comfort
A. Introduction
Formation and the relevance of certainty and completeness
Intention to contract
Overriding concern and principle
B. Uncertainty
Introduction
Uncertain terms and illusory terms
Uncertainty and ambiguity
C. Incompleteness
D. Agreements to Agree and Agreements to Negotiate
Agreements to agree
Agreements to negotiate
E. Methods by Which the Courts and the Parties Resolve Uncertainty and Incompleteness
Introduction
Standard of reasonableness
External standard
Performance and reliance
Terms of the contract
Terms to be implied in fact, law, or custom
Severance
A. Introduction
B. History
Early history
eighteenth century
C. Function and Definition
D. Adequacy of Consideration
E. Nominal Consideration
F. Consideration Must Be Sufficient
G. Consideration Must Be Referable to the Promise
H. Consideration Must Move From the Promisee (But Not Necessarily to the Promisor)
I. Past Consideration is Not Consideration
J. Consideration Must Not Be Illusory
K. Performing Existing Legal Duties
Duties imposed by law
Contractual duties
Promise to perform contractual duty to third party
L. Part Payment of a Debt is Not Consideration for a Promise to Discharge Debt
M. Exceptions to the Consideration Rules
N. Estoppel
meaning of estoppel
Types of estoppel
Promissory estoppel
A. Introduction
issue
genesis of the duty of good faith
Content of the duty
B. Role of Good Faith
Introduction
preservative function
Pre-contractual liability
C. Conclusion
A. Liability in Contract
B. Quantum Meruit
C. Estoppel.