The Law of Contract. Mock test 1.Translation of legal phrases - 2 points per line 2.Definitions - 3 points each 3.Two questions – 5 points each All in.

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1 The Law of Contract

2 Mock test 1.Translation of legal phrases - 2 points per line 2.Definitions - 3 points each 3.Two questions – 5 points each All in all – 59 points To pass – you need at least 70%, i.e. 41 points

3 CONTRACTS definition: Contract can be defined as a binding agreement between two or more parties that is enforceable by law.

4 Essential Elements of a Contract Legal intention Offer and acceptance (Valuable) Consideration Certain terms Legal subject-matter Capacity Právní záměr Nabídka a její přijetí (Hodnotové) Protiplnění Jasné/konkrétní smluvní podmínky Zákonný předmět smlouvy Právní způsobilost

5 Types of contract Unilateral contract Bilateral contract Valid Invalid (null and void) Voidable Oral Written Executed Executory Jednostranná Dvojstranná Platná Neplatná Zrušitelná Ústní Písemná Splněná Dosud nesplněná

6 Cotract terms Conditions Warranties Express Implied Smluvní podmínka zakládající odpovědnost z porušení Vedlejší ujednání, subsidiární podmínka Výslovná podmínka Skrytá/mlčky předpokládaná podmínka

7 Platnost a účinnost Platnost Force, validity The contract goes into force The contract is in force from … Účinnost Effect The contract is effective as from…

8 To be authorized to enter into a contract According to a contract Být způsobilý uzavřít smlouvu Podle smlouvy

9 Listening p.5 ex.7 1.agreement 2.consideration 3.legal 4.negotiations 5.accepted 6.price 7.communicated 8.silence 9.price 10.binding 11.consideration

10 Drafting a Contract Prepare a contract between you as a group of students and me as your teacher. Make sure it meets the formal recquirements (using the prompts from the Blue Dart contract) Put in any clauses you like

11 One of you is a chair and manages the meeting: OK, the first issue on today’s agenda is… Share your findings with the whole group: 1.One person describes the contract 2.One person shares the team’s legal opinion on the validity, ticking off all the essential elements on the list Legal intention Offer and acceptance (Valuable) Consideration Certain terms Legal subject-matter Capacity

12 Situations p.4 ex.4 a.At an auction, the auctioneer says, “What am I bid for this antique clock?” One of the bidders in the room says, “100 euro.” b. Ann’s father makes a promise to pay her 2,000 pounds on the day she turns 18. On her eighteen’s birthday she seeks the money promised to her. c. John says to Paul, “I’m going to sell my bike for 100 pounds.” Paul cries out, “All right, here is the money. I’ll take it.” d. The citizens of a town collect 2,000 pounds offering it as a reward for catching a suspected criminal. A WPC, member of the local police force, apprehends the suspect and seeks the reward. e. Standing at one end of a long bridge, Sarah says to Louise, “I’ll give you three pounds if you walk across the bridge.” Without saying a word Louise starts walking across the bridge. f. Adam offers Ken 10 dollars to steal four beer mugs from their favorite pub. Ken steals the mugs, brings them to Adam and asks for the money. 100 euro is the offer, no acceptance yet Gratuitous promise under English law enforceable if it is made by deed (legal instrument in writing) Offer by Paul not John, John has to accept it (John´s offer would have to be: I will sell my bike to you for …) Unilateral contract Oral contract, acceptance by conduct Illegal subject-matter, invalid contract

13 Summary of Introduction to the law of contract p.4 ex.5 1.Obligation 2.Agreement 3.Consideration 4.Capacity 5.Fraud 6.Illegal 7.Oral 8.Signed 9. Property 10. Breach 11. Damages 12. Performance 13. Terms

14 True/False p.5 ex.6 i. T ii. T iii. T iv. F v. F vi. F vii. T viii. T ix. F x. T xi. F xii. F xiii. T