Australian Contract Law: First Issue

Australian Contract Law: First Issue

Issue: The issue in the case is to deal whether Johnny and Jin formed an agreement in the prescribed details of the case study.

Relevant law: As per the Australian Contract Law, a contract must have necessary elements like offer, acceptance and consideration to be valid and enforceable. As per the section 8 of the Contracts Review Act 1980 of Australia, the existence of proper offer and acceptance with exchange of consideration can only consider the formation of a legal agreement. As per case law of Carlill v Carbolic Smoke Ball Co (1893), the agreement can be considered as binding and formed through the acceptance of…