Law in Business

1 . Question 1 : This question presents two scenarios, both of which revolves around the solvent of whether there is a contract. To solve the levelheaded problem , can Justin , We need to know : What is declaration? A Contract is fundamentally an agreement between two or more persons which will be enforced by a judicatory of law . (Brendan Sweeney &type A; Jennifer OReilly , Law in Commerce , Second Edition) . And contract is make up by four factors : Offer +         Acceptance+         Intention+         Consideration=         Contract 1.1 touch off 1. In return for Justins benevolence of darn the fence, Leanna decided to pay him l dollars. She is making an tolerate in this instance, and is therefore the offeror. By thanking her Justin has make an acceptance to Leannas offer of the money, and he is therefore the offeree. So far, this modify could be construed as a contract because of the existence of an offer and accep tance made through and through oral communication. However, the problem arises when theres a lack of terms of conditions in their agreement. Without communicating details such as an exact fancy of when Justin can receive the litre dollars or any different conditions, their exchange appears more pauperization an invitation to treat.

When examined further, we see that as Justin has non provide any consideration, this cannot be a contract, especially as Leannas offer is only a free promise. Ultimately, Justin seems unlikely to hold a remedy for the fifty dollars that didnt receive, as this was not a binding contract enforceable of the court of law. Leanna hasnt attached any legal wron g , rather the slash she has done is commit! ted a moral wrong . 1.2 luck 2. After Justin has concur to the terms of Rebeccas new offer, Justin promptly paid the relevant... If you want to swallow a full essay, order it on our website: OrderEssay.net

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