Commercial Law Assignment Questions [Name] [Institution] Commercial Law Assignment Questions Whether a Contract was Formed Yes separate contracts were formed between Allan and other contracting parties namely Bernard Damien and Charleen. According to the Singapore contract laws a contract can be constituted by any form of an agreement between two or more parties. This in effect determines the respective rights and obligations of the individual parties which can be enforced by law. By making an offer to give each of the contracting parties (Bernard Damien and Charleen) Allan can be said to have shown an intention to be bound by the terms of the agreement in which he made the offer with each of the offerees. Consequently this makes the offers which Allan made to sell the book to each of the contracting parties (offerees) to be a valid and legally binding contract (Singapore Academy of Law 2017). For Arbitration Arbitration is also a considerable method of resolving breach of contracts. The process is faster and inexpensive. It is immensely expeditious and does not create excessive formality. The method can be preferred as it is least involves the legal instruments. An arbiter will decide in the least time regarding the breach. Arbitration may not be the best method as partisan decisions can be made concerning the matter and as such can escalate the gravity of the scenario. References Appleman J. A. Appleman J. & Holmes E. M. (2016). Contract Concerns: Reinsurance Contract Formation Validity and Judicial Construction (Vol. 14). Appleman on Insurance Law and Practice. McKendrick E. (2014). Contract law: text cases and materials. Oxford University Press (UK). Singapore Academy of Law. (2017). The laws of Singapore: Commercial Laws- The law of contract. Retrieved on December 01 2017 from www.singaporelaw.sg G. H. (2003). The law of contract. Sweet & Maxwell. [...]
Please answer the questions written in the picture. Number i-v. In 2000 words with APA referencing.