FO3 ITCC

TASK 1 (a) Explain the different types of business agreement and the importance of the key elements required for the formation of a valid contract. Part 1: Explain Contract 1.1 DEFINE A CONTRACT 1.2 GIVE EXAMPLES FOR DIFFERENT TYPES OF CONTRACTS 1.3 EXPLAIN WHEN DO YOU ENTER INTO A CONTRACT WITH SOMEONE? Part 2: Explain the different types of Business Agreement 2.1 AGREEMENT AS AN ESSENTIAL ELEMENT IN FORMATION OF A CONTRACT 2.2 GIVE EXAMPLES OF DIFFERENT TYPES OF BUSINESS AGREEMENT

1.2 ONLINE TRANSACTION

what are the principles governing the formation of written and oral contracts concluded through internet? (Use Electronic Transaction Act. Cap 88 s.11 to justify). - Give case example: Chwee Kin Keong v Digilandmall. Pte Ltd. - Is case scenario a type of invitation to treat? (Use Electronic Transaction Act. Cap 88, s.14 Invitation to make offer to confirm). - Use s.16 part 2a under Error in electronic communications to explain why contract has become binding (i.e. has not used or received any material benefit or value from the goods or services, if any, received from the other party).

Part 2:
2.1 ISSUE (MATTERS THAT ARE IN DISPUTES)
- whether there is a breach of contract for not delivering the 1,000 sets of hand phones to M5.

2.2 DEFENCE AGAINST WINSLOW

explain vitiated mistakes shared by both parties i.e. common mistakes identify and define the type of mistake between M5 and Mr. Winslow apply rule give case example analyze case form conclusion (need to draw assumption from analysis)

Part 3: Explain the importance for the key elements required for the formation for a valid contract 3.1 WHAT ARE THE ESSENTIAL KEY ELEMENTS TO FORM A CONTRACT? 3.2 EFFECT OF CONTRACT IF KEY ELEMENTS ARE ABSENT? 3.3 EFFECT ON AFFECTED PARTIES 3.4. CONCLUSION CLAIM 1: 1 (b) YOU ARE REQUIRED TO ANALYSE THE SCENARIO FROM THE PERSPECTIVE OF THE LAW OF CONTRACT. APPLY THE RULES OF OFFER AND ACCEPTANCE IN A GIVEN SCENARIO ALSO CONSIDERING ANY IMPACT OF NEW TECHNOLOGY

Part 3:
3.1 ISSUE (MATTERS THAT ARE IN DISPUTES)
- whether there is a breach of contract for not delivering the set of hand phone to Charlene, the university student

3.2 DEFENCE AGAINST CHARLENE

is M5 defense weaker than Mr. Winslow? analyze case: could M5 prove that Charlene concluded the contract is under a unilateral mistake in order to make their contract void? form conclusion (need to draw assumption from analysis)

Part 4:
4.1 WAY OF STRUCTURING ITS MODE OF ONLINE TRANSACTION IN PREVENTING A SIMILAR INCIDENT FROM HAPPENING AGAIN IN THE FUTURE
define counter offer apply counter offer in M5s statement of reply form conclusion on how counter offer could help M5 not to bind itself until a firm offer is accepted by them, otherwise there is no contract.

Part 1:
1.1 ISSUES
do it on your own

FO3 ITCC

Claim 2: 1 (c) Assess the importance of the rules of intention and consideration of the parties to the agreement Part 1: 1.1 Explain intention and its Importance of the rule Part 2: 2.1 Explain consideration & its importance of the rule Part 3: 3.1 ISSUE (MATTERS THAT ARE IN DISPUTES)
do it on your own

discuss and apply unsupported fresh consideration rule discuss and apply mirror image rule form conclusion (need to draw assumption from analysis).

Claim 3: 1 (d) Explain the importance of the contracting parties having the appropriate legal capacity to enter into a binding agreement

Part 1:
1.1 EXPLAIN THE DIFFERENT GROUPS OF CONTRACTS BETWEEN A MINOR AND ANOTHER PARTY

3.2 LEGAL INTENTION TO TRANSFER PROPERTY TO WIFE

In Winslows case, was there an intention to create legal relation for domestic agreement by both parties (husband and wife) from legals perspective? give case example. may court impute an intention to create legal relations for spouses relating to property maters? Give case example.

Part 2:
2.1 ISSUES
do it on your own for three cases (betting, shares and fake gold chain contracts).

2.2 BETTING CONTRACT

provide analysis & identify contract group apply relevant rules give case examples form conclusion

3.3 CONCLUSION
draw assumptions from analysis

2.3 SHARES CONTRACT Part 4: 4.1 ISSUES (MATTERS THAT ARE IN DISPUTES)
do it on your own provide analysis & identify the type of contract Between Benny and stockbroker apply relevant rules give case examples form conclusion (need to draw assumption from analysis).

4.2 LEGAL INTENTION FOR A ROOM RENTAL CONTRACT

was there an intention to create legal relation by both parties (landlord and tenant) for a commercial agreement from legals perspective? Give case example.

2.4 FAKE GOLD CHAIN CONTRACT

discuss caveat emptor apply rule comment on fraudulent representation made by Benny. Advice the action and remedy Thomas could take and have. -form conclusion (need to draw assumption from analysis)

4.3 EXPLAIN & APPLY CONSIDERATION TO CASE 4.4 REFUSAL TO REDUCE RENT
identify the type of consideration apply rule give case example form conclusion

Part 5: 5.1 ISSUE

do it on your own

5.2 SEEKING TO INCREASE RENT

discuss the terms in existing contract