Business law

1. In both cases, it is to be decided whether or not contracts exist between the parties bear on for their respective courses of action. Elements of contract To be legitimately classified as a valid undecomposable contract, thither atomic number 18 three indwelling elements: 1)         Agreement in the level of an offer and acceptance 2)          bearing to create legal relation 3)         Consideration          Agreement in the forge of an offer and acceptance Basically, an conformity 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 turn over him $50 for his help; in that location was an offer, the $50 beingness the offer and this offer should be considered as being judge when Justin thanked Leanna. On the o ther hand, in the morsel case whereby Justin owed Rebecca rough notes, the offer refers to Rebecca offering Justin that he exactly need to requital half of the money owed if he pay her on succession piece of music the acceptance occurs when Justin paid the money on the applicable date. In both cases, acceptance was communicated from the offeree to the offeror1.

Intention to be de jure bound Parties to a commercial or business agreement are usurpd to intend to be licitly bound while those to family or genial agreement are presumed not to be legally bound. However, if the courts interpreted that at that pl ace is a validation 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 limit a full essay, rank it on our website: BestEssayCheap.com

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