Case Study East Midlands Airways Airbus

Case Study East Midlands Airways Airbus

I hope this email finds you in good spirits and health. The only part is your assignment which needs to be redone is TASK 3-EMA V ZULU AVIATION.

I have attached instructions for that Task only.

Case Study East Midlands Airways Airbus

On the 15^th October 2010, East Midlands Airways (EMA) advertised a second- hand Airbus 321 for sale in an aviation industry trade journal for £10.4m. Later that same day, Phil, the Chief Executive Officer of Zulu Aviation Ltd, phones EMA’s Managing Director, Joseph. Phil says his firm would very much like to view the Airbus 321 but that he is off on a five-day business trip to New York, United States of America and will not be able to view the aircraft until he returns. Joseph says that if another buyer comes forward he will have to sell the Airbus 321 to that buyer. Phil then says he will pay £100,000 if EMA promises not to sell the Airbus to another buyer for the next five days. Joseph agrees to this.

Required Explanation

ü By way of introduction define the legal meaning of term ‘contract’ and mention the legal requirements for a valid contract.

ü Has a valid ‘offer’ been made? Or is it merely an ‘invitation to treat’? Outline the types of ‘invitation to treat’ and state the specific form of ‘invitation treat’ in the case. Refer to relevant case laws

ü State the offeror and offeree and the terms of the offer. Briefly explain an offer in contract with reference to relevant case laws

ü Has there been acceptance of the offer (if any). Briefly explain of an acceptance in contract with reference to relevant case laws

v What is the consideration moving between the parties? briefly explain the legal meaning of consideration, types of considerations and outline the basic rules of consideration,

ü Is there intention to create legal relations? Briefly explain does the court assess the intentions of the contract parties with reference to case laws

ü Are there any vitiating factors that would affect the validity of the contract between Joseph and Phil for the purchase of the Airbus

I need you to answer the above questions in  reference to the case study and send it back to me.

Once you send me the above answers, I will incorporate  them into your work and upload.

Be Blessed