Law 2101 Study Guide - Quiz Guide: Financial Services Compensation Scheme, Caveat Emptor, Pro-Form
Document Summary
Central london property trust ltd v high trees house ltd. Domestic agreements are not enforceable because they miss the purpose. A promissory estoppel can make a promise binding even if there is no consideration. No specific performance granted if this implies that it needs constant supervision. Agreements are interpreted on the basis of the meaning they would convey to a reasonable person. Frustration is allowed in particular cases due to supervening events that change the nature of the performance. Undue influence is not only a manifest disadvantage but also if the parties have been in a special relationship of trust. An advertisement does not amount to an offer. Display of goods does not qualify as an offer. Minors can enter contracts that are in the whole for their benefit. Prenups can be enforced in the right case. Terms implied in fact are those that the parties would have included if they had thought of them (bystander test)
