| University | University of London (UOL) |
| Subject | Graduate Diploma in Commercial Law |
Question 1
If a social agreement is made between friends and it is subsequently breached, is a contract presumed? Give reasons for your answer.
Question 2
It is said that generally, commercial institutions such as banks should be alert when dealing with parties whose relationships with each other are of a noncommercial nature, e.g. husband and wife, father and son, etc. Briefly explain why this is so.
Question 3
Briefly examine the distinction between a condition and a warranty.
Question 4
David’s SME employer wants to unilaterally change the terms of his employment contract. Briefly discuss if David’s employer can legitimately do this.
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