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PARLIAMENT VOTE: 7-0-0
1 - Short Title and Enactment
(1) This Act may be cited as the ‘Code of Contract’.
(2) This Act may be numbered as P.B.01-004.
(3) This Act shall come into force upon Royal Assent.
(4) This Act has been authored by Ethamn and co-sponsored by Greenish9.
2 - Purpose
(1) To lay out the elements of contract.
(2) To lend certainty and legitimacy to market transactions.
(3) To protect players from predatory transactions.
3 - Definitions
(1) In this Act, a “new player” is one who, in light of all the circumstances, has only recently begun participating in the Minecraft Cities Network.
(2) A “contract” is an agreement enforceable by law.
(3) “Breach of contract” is the violation or failure to fulfill obligations set down in contract.
(3) “Performance” or “perform” is the action of fulfilling a term of contract.
(4) “Damages” is a form of monetary compensation.
(5) “Misrepresentation” shall have occurred where a misleading statement was made to induce a party to contract.
(6) In this Act, “fraud” shall have occurred when a party, deceived by trickery, deception, or other unfair practices is induced to enter contract.
4 - Constitutive Elements of Contract
(1) Present at the formation of each contract shall be the following elements:
(a) Consensus: the sufficiently unambiguous communication by the parties of their consent to be bound by the agreement, understood in light of the circumstances.
(b) Capacity: the legal competence of each party to enter the agreement.
(c) Cause: a good, promise, or other thing that is exchanged by each party to the other.
(2) Contracts for the purchase and sale of real estate must be recorded in writing.
(a) Contracts for the purchase and sale of real estate to the Crown by ingame command are exempt from this requirement.
(3) A contract shall be found to exist where it is more likely than not that the elements of contract were present at the time of formation.
5 - Capacity
(1) Where, on the balance of probabilities the other elements of contract are met, a rebuttable presumption arises in favour of the parties’ capacity.
(2) Capacity shall not be present when:
(a) A new player has entered into a clearly disadvantageous agreement.
(b) A new player has entered into an agreement for the international exchange of currency.
6 - Voided Contracts
(1) A contract shall be void:
(a) If its object, purpose, or cause violates the laws of Alexandria,
(b) If it is inherently impossible to perform, or
(c) If it was acquired by fraud or misrepresentation.
7 - Remedies
(1) Where there has occurred a breach of contract, a contract has been found void, or an exchange has occurred in a purported-contract which did not have the sufficient elements of contract, the court may order any of the following remedies, or any other remedy set out by law, where it would be fair and just to do so.
(a) No party shall be liable for failure to perform on a contract which has already been breached by the other party where it is fair and just to withhold performance.
(2) Compensatory Damages: the restoration of the aggrieved party, as far as possible, to the position they would have occupied had the contract been performed.
(3) Specific Performance: an order requiring a party to carry out terms of contract.
(4) Recovery Damages: the restoration of the parties, as far as possible, to their positions prior to attempting to form a contract.
(a) This shall generally be ordered where a contract has been found void.
8 - Predatory Foreign Exchange Amelioration
(1) A contract void for lack of capacity under 2(b) of this Act, where a new player has entered into an agreement for the foreign exchange of currency, may seek recovery damages for transactions arising prior to the royal assent of this Act, where:
(a) The transaction was grossly disadvantageous; or,
(b) The circumstances giving rise to the transaction were, in light of all the circumstances, fundamentally unjust.
9 - Severability
(1) If any provision of this Act is found invalid or unenforceable the remaining provisions shall continue in full force and effect.
A
Bill
To
Create a Code of Contract
Bill
To
Create a Code of Contract
1 - Short Title and Enactment
(1) This Act may be cited as the ‘Code of Contract’.
(2) This Act may be numbered as P.B.01-004.
(3) This Act shall come into force upon Royal Assent.
(4) This Act has been authored by Ethamn and co-sponsored by Greenish9.
2 - Purpose
(1) To lay out the elements of contract.
(2) To lend certainty and legitimacy to market transactions.
(3) To protect players from predatory transactions.
3 - Definitions
(1) In this Act, a “new player” is one who, in light of all the circumstances, has only recently begun participating in the Minecraft Cities Network.
(2) A “contract” is an agreement enforceable by law.
(3) “Breach of contract” is the violation or failure to fulfill obligations set down in contract.
(3) “Performance” or “perform” is the action of fulfilling a term of contract.
(4) “Damages” is a form of monetary compensation.
(5) “Misrepresentation” shall have occurred where a misleading statement was made to induce a party to contract.
(6) In this Act, “fraud” shall have occurred when a party, deceived by trickery, deception, or other unfair practices is induced to enter contract.
4 - Constitutive Elements of Contract
(1) Present at the formation of each contract shall be the following elements:
(a) Consensus: the sufficiently unambiguous communication by the parties of their consent to be bound by the agreement, understood in light of the circumstances.
(b) Capacity: the legal competence of each party to enter the agreement.
(c) Cause: a good, promise, or other thing that is exchanged by each party to the other.
(2) Contracts for the purchase and sale of real estate must be recorded in writing.
(a) Contracts for the purchase and sale of real estate to the Crown by ingame command are exempt from this requirement.
(3) A contract shall be found to exist where it is more likely than not that the elements of contract were present at the time of formation.
5 - Capacity
(1) Where, on the balance of probabilities the other elements of contract are met, a rebuttable presumption arises in favour of the parties’ capacity.
(2) Capacity shall not be present when:
(a) A new player has entered into a clearly disadvantageous agreement.
(b) A new player has entered into an agreement for the international exchange of currency.
6 - Voided Contracts
(1) A contract shall be void:
(a) If its object, purpose, or cause violates the laws of Alexandria,
(b) If it is inherently impossible to perform, or
(c) If it was acquired by fraud or misrepresentation.
7 - Remedies
(1) Where there has occurred a breach of contract, a contract has been found void, or an exchange has occurred in a purported-contract which did not have the sufficient elements of contract, the court may order any of the following remedies, or any other remedy set out by law, where it would be fair and just to do so.
(a) No party shall be liable for failure to perform on a contract which has already been breached by the other party where it is fair and just to withhold performance.
(2) Compensatory Damages: the restoration of the aggrieved party, as far as possible, to the position they would have occupied had the contract been performed.
(3) Specific Performance: an order requiring a party to carry out terms of contract.
(4) Recovery Damages: the restoration of the parties, as far as possible, to their positions prior to attempting to form a contract.
(a) This shall generally be ordered where a contract has been found void.
8 - Predatory Foreign Exchange Amelioration
(1) A contract void for lack of capacity under 2(b) of this Act, where a new player has entered into an agreement for the foreign exchange of currency, may seek recovery damages for transactions arising prior to the royal assent of this Act, where:
(a) The transaction was grossly disadvantageous; or,
(b) The circumstances giving rise to the transaction were, in light of all the circumstances, fundamentally unjust.
9 - Severability
(1) If any provision of this Act is found invalid or unenforceable the remaining provisions shall continue in full force and effect.
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