CIMA BA4 Syllabus C. CONTRACT AND EMPLOYMENT LAW - Distinguish the presumptions relating to intention to create legal relations - Notes 8 / 13
Intention for Legal Relations
Can be expressly created (written or verbal)
Otherwise it is generally presumed... but see below
Domestic Relations - are they presumed to be legal?
Spouses living together Agreements between these ARE NOT presumed to be legal
Spouses Separating Agreements between these ARE presumed to be legal
Agreements between Friends Agreements between these ARE NOT presumed to be legal
Unless there's a mutuality of Intention
Simpkins v Pays
Commercial Agreements These ARE presumed to be legal
Unless stated that their binding in honour only
Jones v Vernons Pools
Who has NO Legal Capacity to create legal agreements?
These are:
Minors (16 and under)
Unless for necessities (Valid)
Unless for inheriting interests (Voidable)Intoxicated people
Those without Mental Capacity to do so
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Syllabus C. CONTRACT AND EMPLOYMENT LAW
C1. Contracts & Contractual Terms
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Syllabus C. CONTRACT AND EMPLOYMENT LAW
C1. Contracts & Contractual Terms