Business Agreements Flashcards
1
Q
Binding in honour
A
They can choose to be bind by the contract but don’t have to be
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.
3
Q
Free gift / prizes
A
Free gift / prize is offered to promote a business is legally binding
4
Q
McGowan V Radio Buxton
A
There was an intention to create legal relations. C had to compensated
5
Q
Letter of Comfort is
A
Not usually legally binding
6
Q
Kleinworth Benson ltd V Malaysian Mining Corporation
A
This letter wasn’t legally binding. MCC weren’t obliged to do anything
