Implementing a New Business Structure

During these times of change business may have to change its orgainsation, operation and its nature to deal with the challenges of each stage in the business life cycle. For business to be successful they must constantly develop and change strategies to deal with the growth of the business or the life of the business may be cut short.

An offer is a proposal whereby the parties are willing to contract on a specific set of terms, made by the offeror with the intention that, if the

In order to determine the best direction for Acme Fireworks going forward, we must look into the contracts to properly choose the path of this company. We must first establish that the contractual agreements already made are legally binding. Once the revision of the contract is complete, Acme Fireworks will need to reassess its staffing needs to make certain that it can fulfill its end of the contract and avoid any breaches. After all this is analyzed, Acme Fireworks will need to review its current business model as a sole proprietor and evaluate what steps it should take to ensure the growth of the company.

A contract is an agreement that creates obligations that are enforceable by the law. A contract can either be written or spoken. There are elements to a contract that make it valid and binding. This is defined as a clear manifestation of willingness to enter an agreement made by another person with full understanding that their assent to the bargain is an invitation and is concluded. As to whether there was an offer in this case, yes there is an offer. When the salesman offered the buyers time for a test drive and they finally chose and agreed to buy the blue car it was a clear offer.

Acme Fireworks offers sparklers in all their gathering plots. One time use, airborne presentation ground show up; if there's a must, Acme Fireworks supplies it. Starting as a parking space try, Acme Fireworks is a sole owner that necessities to change its substance status as an outcome of a late storm of more obvious business agreement requests that would mean a more critical specialist base, more obligation threat, and higher energy for a risky thing (prompting valuation of assurance traditions and extension). This showing up of progress would affect the association holding quick to the Besides, the UCC states that "a solicitation or another offer to buy items for brief or current shipment ought to be deciphered

An offer allows the person or business to whom the offer is made to, to reasonably expect that the offering party is willing to be bound by the offer based on the terms proposed thus these terms of an offer must be define as well as certain.

Offer – to form a contract there must be an offer by one party. It is a definite and clear statement of willingness to be bound on stated terms without further consultations. Offer can be in written or oral form but it is not effective if it is not being communicated to the offeree.

The offeree is the only party with legal power to accept an offer, thus forming a contract. In addition, for the contract to be considered accepted, the offeree must accept all the terms of the offer unequivocally. This is called “the mirror image rule”. For example, if the offeree stated “I will purchase your home, but I wish the drive way was repaved”. The offeree accepted the terms, making this an accepted contract. An example of non-acceptance is if the offeree stated “I will purchase your home, if you pave the driveway”, This would be a

Since the owner of Acme Fireworks wants his business to be well known he will try to get contracts with larger retailers. A contract is given by someone and another person has to accept it then the contract is formed.

Acme Fireworks sells kinds of fireworks that include but are not limited to single-use and aerial display ground show. If an individual can think of it, Acme Fireworks can supply it. Acme Fireworks is a sole proprietorship that started out in a smal garage and is now looking to change requests that will create a larger employee base with skilled labor, causing more liability risk, and higher demand for what some may deam either dangerous or even a hazzardous product, which in turn will prompt evaluation of insurance coverage and protocol. The company would have to adhere to common law or the Uniform Commercial Code (UCC) due to the expansion. In this paper I will determine if the company will be governed by common law or the Uniform Commercial Code (UCC), determine if a contract was formed by presenting its five elements in regards to Acme Fireworks, analyze the dynamics of personal liability, Provide an examination of the advantages and disadvantages of different types of employment agencies that would benefit Acme Fireworks that are pertinent to agency law, and supply a recommendation of a new business entity, to conclude supplying the reasoning for my recommendation.

Agreement: There must be an offer coming from the offeror and an acceptance of this offer by the offeree. Mutual consent is required.

according to American laws, a contract must have terms that do not only certify an agreement between two parties but can be used to prove its legality some elements that are involved in the contract include offer and acceptance which are the two major elements of any contract between two parties. Central to the formation of a contract is an offer which is accepted by the other party involved in the contract or agreement and in most cases, a price may be paid to make the contract legal. According to the United States contract law, the price payable in a contract agreement can be a free will of the parties involved in the contract without

Acme Fireworks is a fireworks retailer that sells fireworks, puts on ground display fireworks, and large aerial displays fireworks. Acme Fireworks has been a sole proprietorship since it began two years ago. At this time the owner is receiving inquiries as to Acme Fireworks ability to create fireworks displays on a regular basis. CITATION Rog12 \l 1033 (Rogers, 2012).

for it to qualify as a proper contract in the eyes of the law: offer

A contract is an agreement of obligations which are enforced by the law, there are four elements of creating a contract (offer, consideration, intention to create legal relations and acceptance) what is an offer? In contract law, an offer is an assurance in receiving, performance by another party. An offer can also be terminated under some conditions, there must be an objective of intent by the offeror which is the person who offers the contract, and then the offeree will induce the contract and accept if happy with the terms, the offeree is the person who accepts the offeror. An offer must be clear and must not be vague. What is consideration in contract law? Consideration is an important part for the formation of the contract a