Tuesday, 27 March 2018

1. Does the contract cover the 6 elements of a valid contract? Explain?

A seller put up two engine analyzers for sale by auction, with no reserve. The price of the machines would have been £14,521 each if they had been new. The plaintiff was a bidder at the auction. He bid £200 for each machine, and was the highest bidder. The auctioneer refused to sell the machines to the claimant for such a low price, despite the ‘no reserve' sale. The plaintiff brought an action against the auctioneer for breach of contract.
1. Does the contract cover the 6 elements of a valid contract? Explain?
2. Can the plaintiff discharge the contract? On what bases?
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