2 Flashcards
(16 cards)
When is email acceptance effective?
Law not provided clear statement - no-one knows
Consideration must be…
sufficient but not adequate
severable contract
a.k.a. divisible contract
contract where payment is in parts
Is specific performance normally awarded in cases of personal service?
no
Agency by estoppel
when supplier relies on continued rep that X is agent
- principle is bound to settle invoice but may reclaim
Is an agent entitled to renumeration?
in absence of express provision, agent is due a reasonable amount of pay
+ agent has right to exercise a lieu over property of principle pending payment
the standard of proof is
the balance of possibilities
Do articles always need to be submitted to Registra?
no
Secutary of state will prescribe some if none submitted
What is the limitation period for tortious acts?
6 years
3 years if personal injury
A public company must be a X company
limited
Which companies are required to do a directors report
quoted companies
Which companies are required to have a trading certificate
public
not private
LLPs are required to have a formal p’ship agreement.
True or false
False
normally do, but not necessary
Can a partner assign their interest to another?
yes, but they don’t become a partner
How is a p’ship dissolved?
normally expressed in p’ship agreement
if not, on death or bankruptcy of partner
Can p’ships be wound up?
yes, in the same way as an unregistered company
