Business law

1. In both cases, it is to be decided whether or not contracts exist between the parties entangled for their respective courses of action. Elements of contract To be legitimately classified as a valid elemental contract, thither atomic number 18 three necessary elements: 1)         Agreement in the level of an offer and acceptance 2)          heading to create legal relation 3)         Consideration          Agreement in the forge of an offer and acceptance Basically, an transcription is reached when the conduct of the parties involved can be characterized in terms of an offer by one company and an acceptance by another. [Brogden v metropolitan Railway Co. (1877) 2 App Cas 666, H.L.] In the first case where Leanna told Justin that she would represent him $50 for his help; in that location was an offer, the $50 world the offer and this offer should be considered as being legitimate when Justin thanked Leanna. On the o ther hand, in the morsel case whereby Justin owed Rebecca whatever notes, the offer refers to Rebecca offering Justin that he exactly need to soften half of the money owed if he pay her on period plot of land the acceptance occurs when Justin paid the money on the pertinent date. In both cases, acceptance was communicated from the offeree to the offeror1.

Intention to be legitimately bound Parties to a commercial or business agreement are usurpd to intend to be licitly bound while those to family or tender agreement are presumed not to be legally bound. However, if the courts interpreted that at that pla ce is a demonstration of the act that creat! es tendency to an agreement, a legal enforcement will be granted. Insufficient information almost the intention is given in both cases. However, as there is no citation of family/social relationship between the parties involved, we presume that the parties intended their agreement... If you want to accept a full essay, rank it on our website: BestEssayCheap.com

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