Formation: ICLR Flashcards
What is the difference between social and commercial agreements?
Social/domestic: not binding Commercial/business: binding (Can be rebutted)
What did Jones v Vernon pools establish?
Honor-based agreements are not binding
What did Edwards v Skyways add?
Burden of proof on rebuttor Agreement to make ex-gratia payment binding
What did McGowan v Radio Buxton establish?
Free gifts/prizes to promote business are binding
What did Kleinwort Benson v Mongolian Mining Co establish?
Letter of comfort not binding
What is the difference between Balfour v Balfour and Merrit v Merrit?
Balfour v Balfour- agreement made whilst married
What happened in Jones v Padavatton?
Courts may look at intent/purpose at the time of making the agreement
What did Simpkins v Pays establish?
Money exchanged hands so likely to be a business agreement
What did Parker v Clarke establish?
Business agreement if financial security at risk
