Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Course: Contract Law 11 Question 1 Apex plc has a contract with Nadir Ltd. Apex tell Nadir that unless Nadir enters into a five year

image text in transcribed

Course: Contract Law 11 Question 1 Apex plc has a contract with Nadir Ltd. Apex tell Nadir that unless Nadir enters into a five year contract with Apex's subsidiary, Crux Lad, on terms which are particularly advantageous to Crux Ltd, they (Apex) will terminate their agreement with Nadir Despite the fact that the terms suggested mean that Nadir will make a loss on the deal with Crux, they agree because of the value which they place on their contract with Apex Two years later, Apex go out of business. Nadir now want to escape from the contract with Crux Advise Nadir Would your answer be different if Apex's threat, rather than being to terminate their agreement was not to renew their contract with Nadir? 20 marks

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

Auditing At The Speed Of Risk With An Agile Continuous Audit Plan

Authors: Norman Marks

1st Edition

B09PMBSWSC, 979-8787044393

More Books

Students also viewed these Accounting questions

Question

Evaluate the importance of diversity in the workforce.

Answered: 1 week ago

Question

Identify the legal standards of the recruitment process.

Answered: 1 week ago