Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you write 1500 words as barrister a oral presentation for a case study( contract law ) using correct court terminology to address the judge

can you write 1500 words as barrister a oral presentation for a case study( contract law ) using correct court terminology to address the judge as your lordship i have written the skeleton bundle .

In the Supreme Court

MegaGames (Appellant) v Premier Bank(Respondent)

MegaGames Ltd is a computer game developer who has made several extremely popular racing games. After several successful releases, MegaGames decided to expand their premises and hire new staff.

MegaGames approached Premier Bank and negotiated a loan of 3,000,000. It was agreed that the loan would be repaid in three instalments of 1,000,000 with each instalment falling due on January 1st in successive years.

At first MegaGames expansion was a success and their new games sold extremely well.

However, their next game receives very bad reviews and the company starts to struggle financially. highly unlikely to be able to make the final payment in a year.

Premier Bank hold discussions with MegaGames and agrees that MegaGames will instead pay 300,000 on January 1st. MegaGames made this payment of 300,000 on January 1st this year as agreed. MegaGames directors believe that had they been required to make payment of the full 1,000,000 the company would have been unable to pay and would have been wound up.

Premier Bank has now suffered financial problems of its own and issued proceedings claiming 700,000 from MegaGames, which Premier Bank claims remain outstanding.

In the High Court, Exemplar J held that MegaGames had failed to provide any fresh consideration in exchange for the promise by Premier Bank to accept a lesser sum and that Premier Bank was thus entitled to the outstanding 700,000.

On appeal, the Court of Appeal upheld the decision of Exemplar J.

MegaGames now appeals to the Supreme Court, with leave, on the single ground: 1) That Exemplar J erred in not considering that the payment of 300,000 constituted a practical benefit to Premier Bank and was thus good consideration under the principle established inWilliams v Roffey Bros & Nicholls (Contractors) Ltd[1991] 1 QB 1.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Constitutional And Administrative Law

Authors: Chris Taylor

6th Edition

1292210109, 978-1292210100

More Books

Students also viewed these Law questions