Business law

1. In both cases, it is to be decided whether or non contracts exist between the parties winding for their respective courses of action. Elements of contract To be legitimately classified as a valid easy contract, thither atomic number 18 three all-important(a) elements: 1)         Agreement in the level of an offer and acceptance 2)          designing to create legal relation 3)         Consideration          Agreement in the forge of an offer and acceptance Basically, an arranging 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 kick in him $50 for his help; in that location was an offer, the $50 be the offer and this offer should be considered as being authorized when Justin thanked Leanna. On the other h and, in the morsel case whereby Justin owed Rebecca rough notes, the offer refers to Rebecca offering Justin that he exactly need to conciliate half of the money owed if he pay her on condemnation duration 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 licitly bound Parties to a commercial or business agreement are usurpd to intend to be licitly bound while those to family or favorable agreement are presumed not to be legally bound. However, if the courts interpreted that at that place is a establ ishment 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 name a full essay, rank it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper