Question

Develop a real-world example where two parties believed a contract existed when in reality, it did not. Also, identify a specific incidence where contract law attempts to protect the public from an organizational activity that is against general societal morality. Finally, find a case on the Internet where one company breached a contract with another. Describe the situation and share a couple of observations.

Answer 1

Genuine model where two gatherings accepted an agreement existed when as a general rule, it don't exist is between a couple.

Mr. Balfour was a structural specialist and his better half Mrs. Balfour was living with him.She was experiencing rheumatic joint pain and exhorted by specialist to remain in England in light of atmosphere of England.Mr. Balfour needs to leave England for his work.So, Mr. Balfour guaranteed his better half to allow $30 consistently until he returns. Following 2 years he messaged her to remain separated and after this content she sued him to give regularly scheduled installments to her.

At first judge held that Mr. Balfour was under commitment to help his wife.Later it was presumed that spouse has guaranteed his better half to give installments yet it can't be implemented in law on the grounds that there is no such agreement here.

Circumstance where one organization broke an agreement with another was the debate emerged out of the disappointment of reaction in providing the products because of work issue in Europe.This issue emerged between ONGC Vs Saw Pipes. This case was heard by M.B Shah and Arun Kumar JJ and judgment was composed by Shah J.

Perception

ONGC had set request to saw pipes for supply of shore exploration.The conveyance was deferred because of general strike of work in Europe.Timely conveyance was substance of agreement which was broken by Saw Pipes. Thus, ONGC requests for misfortune facial hair by the organization because of postponement of Saw Pipes.

Answer 2

Example 1: Believed Contract that Does Not Exist Two individuals, John and Sarah, discuss a potential business partnership where John agrees to invest a significant amount of money in Sarah's startup. They have several meetings, exchange emails, and even draft a business plan together. Both parties firmly believe that a contract has been formed, outlining the terms of their partnership. However, unbeknownst to them, there was a mistake in the agreement, and it was never properly executed or signed. In reality, no legally binding contract exists between John and Sarah, despite their shared belief.

Example 2: Contract Law Protecting Public from Immoral Organizational Activity Contract law can step in to protect the public when an organizational activity goes against general societal morality. One such example is the enforcement of non-compete clauses. While non-compete clauses are generally considered legal, they can be limited or invalidated in situations where they are deemed unreasonable and against public policy. For instance, if a company attempts to enforce an excessively restrictive non-compete agreement that prevents an employee from finding gainful employment in their industry, it may be viewed as unfair and against the public interest. In such cases, contract law may protect the individual from the detrimental effects of an overly burdensome agreement.

Case Example: Breach of Contract One notable case of breach of contract is the legal battle between Apple Inc. and Qualcomm Inc. In this case, Apple accused Qualcomm of breaching a contract and engaging in anticompetitive behavior. Apple argued that Qualcomm had violated its licensing agreements by charging excessive royalties for their patented technology. As a result, Apple withheld royalty payments, leading to a dispute between the two companies.

Observations:

1. Breach of contract cases often involve complex legal and financial implications, as parties may seek damages for the losses incurred due to the breach.

2. Breach of contract disputes can significantly impact the reputation and financial stability of the involved companies, leading to lengthy legal battles and potential settlements or judgments.

3. Contract law plays a crucial role in regulating business relationships and providing a legal framework for enforcing rights and obligations between parties.