Saturday, July 27, 2019
Contracts Law Essay Example | Topics and Well Written Essays - 500 words
Contracts Law - Essay Example If this happens, it implies that the contact is executed. However, this is not usually the case. Many are times when one of the parties to contract does not fully commit themselves to the ultimate execution of the contract, prompting the other party to do away with it. In essence, such a contract becomes voidable. Moreover, the failure by one of the parties to the execution of a contact breaches it. In this regards, any contract, whose terms have been infringed by either of the parties, is eligible for legal settlement. Thus, courts are mandated to settle contract disputes. In so doing, the court may impose various remedies. Such remedies include but are not inclined to: cancelling the contact, specific performance, punishments as well as damages of various forms. There exist a profusion of cases where courts have settled contact disputes. To begin with, a celebrity artiste named Bruno Mars (whose real name is Peter Hernandez) sought a court intervention in a contract dispute with his publishing company. In this case, the publishing company had declined to let go of Mars on the grounds that he had not yet fully executed the terms of their contract. The next case involves Garland Coal who entered into a contract with Peevyhouse, allowing them to mine coal on Peevyhouseââ¬â¢s land with the agreement that they would restore it on the completion of the mining activities. On the contrary, Garland Coal left the land without rejuvenating it as agreed. This prompted Peevyhouse to sue Garland seeking damages of $25,000. Instead, the jury granted $5,000 to Peevyhouse instigating Garland to appeal in turn. From the holding and the ultimate ruling if the case, it is apparent that, as much courts are obliged to solve disputes arising from failure to fully execute a contract, they are bound to enforce the contract exclusively as it is. That is to say, the law has no intention to ameliorate a contract in any way. The enforcement of the
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