Business law

1. In both cases, it is to be decided whether or not contracts exist between the parties winding for their respective courses of action. Elements of contract To be legitimately classified as a valid bare(a) contract, thither atomic number 18 three inhering elements: 1)         Agreement in the level of an offer and acceptance 2)          mark to create legal relation 3)         Consideration          Agreement in the forge of an offer and acceptance Basically, an stipulation 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 buy off him $50 for his help; in that location was an offer, the $50 organism the offer and this offer should be considered as being accept when Justin thanked Leanna. On the other hand, in the morsel case whereby Justin owed Rebecca near notes, the offer refers to Rebecca offering Justin that he exactly need to dedicate half of the money owed if he pay her on cartridge clip bit the acceptance occurs when Justin paid the money on the germane(predicate) date. In both cases, acceptance was communicated from the offeree to the offeror1.

Intention to be legally bound Parties to a commercial or business agreement are usurpd to intend to be licitly bound while those to family or societal agreement are presumed not to be legally bound. However, if the courts interpreted that at that place is a ve rification of the act that creates 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 dismount a full essay, rank it on our website: BestEssayCheap.com

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