Business Agreements Flashcards

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1
Q

Binding in honour

A

They can choose to be bind by the contract but don’t have to be

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2
Q

Jones V Vernons Pools

A

As C signed the coupon meant there was no contractual obligation for the pool company to honour the contract.

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3
Q

Free gift / prizes

A

Free gift / prize is offered to promote a business is legally binding

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4
Q

McGowan V Radio Buxton

A

There was an intention to create legal relations. C had to compensated

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5
Q

Letter of Comfort is

A

Not usually legally binding

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6
Q

Kleinworth Benson ltd V Malaysian Mining Corporation

A

This letter wasn’t legally binding. MCC weren’t obliged to do anything

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