Principles of Contract Law

LEARNING OUTCOMES:

This coursework is designed to assess the following learning outcomes:

• To understand the basic elements of contract law, so that he/she is aware of what is required to form a valid and binding contract.
• identify the ways in which contracts may be terminated;
• apply contract principles to a scenario in order to identify where a valid contract exists;
COURSEWORK:

In celebration of the upcoming 2016 Rio Olympics, the Mayor of Sheraton in conjunction with the local news paper the Sheraton Daily Examiner

decided to hold a race whereby anyone running from Sheraton Town Hall to Nelson’s Column in Trafalgar Square, London would be paid £500. The

race will commence at 10.00 a.m. on Monday 1stAugust, covering a distance of 20 miles and the winner would be paid £25,000. The competition was

widely advertised in the Sheraton Daily Examiner and the purpose behind the event was to promote sport and healthy living in the community.

Annie decided to enter the competition and duly arrived at the town hall at 10.00 am ready to start the race. At the start of the race at

10.00am Imran was out for his usual morning run and seeing the other runners decided to join in. Imran had not seen the advert for the race in

the newspaper.

As the runners, with Imran in the lead, approached the finishing post their attention was drawn to a notice set up by the Sheraton Daily

Examiner saying that the prize money had been withdrawn and congratulating the runners on being healthy.

Advise Annie and Imran if they are entitled to claim the prize money.

Would it have made any difference if the Mayor and newspaper had placed a revocation advert in the local Sunday newspaper?

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