- 20 Marks
Explain the rules for awarding damages in contract law.
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- Tags: Contract Law, Equitable Remedies, Injunction, Specific Performance
- Level: Level 1
- Topic: Contract Law
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(a). Explain the term ‘Privity of Contract’
(b). Femi, aged fifteen (15), completed Secondary School and has approached you with a request to supply your company with building materials including cement and iron rods. The request was from a business enterprise known to your company, PrimeBuild Ltd., which was owned by Femi’s mother, and the request was signed by his mother. A line in the said letter read as follows: ‘You can negotiate the terms of the supply with bearer’.
Required:
Whether or not your company, represented by you, can negotiate with the bearer.
(c). Femi, aged fifteen (15), completed Secondary School and has approached you with a request to supply your company with building materials including cement and iron rods. The request was from a business enterprise known to your company, PrimeBuild Ltd., which was owned by Femi’s mother, and the request was signed by his mother. A line in the said letter read as follows: ‘You can negotiate the terms of the supply with bearer’.
Required:
The rights of the company, in the event of failing to supply the building materials to your company.
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In building the capacity of staff in Apex Gaming Commission, management has engaged a consultant from Nevada, (a well-known gaming state) under a contract to provide training. Some board members have opposed this engagement of the consultant from Nevada on the ground that their operational jurisdiction is different. In order to ensure that your company has full benefit of the signed contract and also reduce its legal risks, Management has requested you to prepare an Internal Memo to the Chief Executive Officer and explain the following:
(a) the basic elements of a contract
(b) the circumstances under which the contract can be vitiated
(c) the remedies for a breach of contract
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