BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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No consideration no contract
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Intention to create legal obligations
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Certainty of terms
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Possibility of performance
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Detailed explanation-1: -Balfour v Balfour [1919] 2 KB 571 is a leading English contract law case. It held that there is a rebuttable presumption against an intention to create a legally enforceable agreement when the agreement is domestic in nature.
Detailed explanation-2: -In order for two people to be in a legally binding relationship, there must first be an intention to make a legal connection. This means that both parties must have the intention to create a legal relationship and not just a social or personal one.
Detailed explanation-3: -In 1919, Balfour v Balfour gave birth to the intention to create legal relations doctrine in contract law. In a dispute between a husband and wife, Lord Justice Atkin said that domestic commitments were not within the jurisdiction of contract law.
Detailed explanation-4: -What Was Held In Balfour Vs. Balfour (1919) It was held that the characteristics of the agreement was purely and completely domestic in nature, Lord Justice Atkin held that when a husband and a wife enter into an agreement they never intend to create a legal relationship.
Detailed explanation-5: -The Court held that domestic agreements between spouses were not intended to create legal relations, with the onus on the party claiming a contract to show there was intention.