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contract

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contract

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by MikeLittle.
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  • December 3, 2019 at 10:23 am #554610
    xyzc
    Participant
    • Topics: 413
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    • ☆☆☆☆

    Is an agreement made between friends considered to be unenforceable or is presumed by the court to be unenforceable

    Also if person x agrees to sell a piece of land to person y for free, and then this agreement is made in writing, is it enforceable even though there is one way consideration from person x but no consideration from person y. If it is enforceable then what is the rationale ( ratio decendi) for it being enforceable.

    December 3, 2019 at 1:18 pm #554648
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23310
    • ☆☆☆☆☆

    If not made with ‘intention to create legal relations’, it’s likely unenforceable

    It’s not possible to sell anything (for) free! That’s not a sale, it’s a gift

    It’s a gift and a gift in writing is not worth anything unless it’s under seal

    OK?

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