Business Case Studies & Business Publications

Oral Agreements, Implied Terms and the C...

Pathak, Akhileshwa...

Case

Oral Agreements, Implied Terms and the Context: Wells v Devani

Pathak, Akhileshwar

IIMA-BP0435 | Published March 29, 2019 | 9 pages Case

Collection: Indian Institute of Management, Ahmedabad

Add To Cart Buy Now

Product Details

Product Overview
Learning Objectives

Most business contracts are meant to be in writing, on standard terms. However, with the facilities of communications, businesspersons will talk business on the phone. With this, contentions will arise, whether they were only negotiating or had gone the distance and made a contract. If they have contracted, what are the terms of the contract? The case explores the judgement of the United Kingdom Supreme Court judgement, Wells v Devani, which is on the theme of oral contracts.

Founding principles of contracts; Sanctity of oral agreements; Implying terms into contracts