Intention

Question 1

What is the final requirement both parties must have to form a contract ?

Answer 1

Intention to create legally binding relations

Question 2

What is the general rule on intention ?

Answer 2

Intention presumed to exist in business agreement but not In social and domestic ones

Question 3

What happened in the case of Esso petroleum v customs excise (1976)

Answer 3

A business promotion was giving customers a token coin produced for general resale which meant they should’ve been taxable, but were merely a free gift

Question 4

Social and domestic contracts were presumed not to be legally binding was reputed with evidence from what case ?

Answer 4

Balfour V Balfour (1919)