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An expression of interest is made by John to Peter for both parties to do business together. Both parties are directors in the company and
An expression of interest is made by John to Peter for both parties to do business together. Both parties are directors in the company and seem to have the capacity to enter into a contract on behalf of their company.
- Has the expression of interest made by John to Peter created a legal obligation between the parties. (5 marks)
- Critically discuss the importance of a legal obligation in the process of contracting. (5 marks)
- Discuss the clauses in a contract that can make a contract void or voidable, and factors that determine how John and Peter's freedom of contract may be limited. (15 marks)
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