Questions On The Contract Agreement

Tech Ltd hired extra electricians and worked longer hours to complete the installation as agreed on 20th December.

Firstly, we have to distinguish whether Jack makes an invitation to tender or an invitation to treat. According to Harvela Investments Ltd v. Royal Trust Co of Canada (CI) Ltd (1986), the usual analysis is that ‘an invitation to tender for a particular project is simply an invitation to treat. ' However, in the case of Harvela Investments Ltd, the invitation to tender is treated as an offer implicating legal obligations. I believe that Jack was making an invitation to treat rather than an invitation to tender, constituting an offer, for several reasons; firstly, the terms of the invitation are vague, with no specification of time for which acceptance of the ‘most competitive tender ' will remain open till; secondly, I infer that the lack

A contract is defined as, “a legally enforceable exchange of promises or an exchange of a promise for an act that assures that parties to the agreement that their promises will be enforceable (Kubasek 2015).” Contracts are essential for businesses to conduct business with one another. Before delving too far into the Muscadine grape case, it is also important to note that a sale is the, “passing of title to goods from buyer to seller for a price (Kubasek 2015)” and that a good is considered, “tangible personal property (Kubasek 2015).” Muscadine grapes and their by-products are the goods in question. When considering any legal case it is important to first consider the facts and the issues that are being considered.

Bernie a resident of Richmond, Virginia decides to sale his 2006 Ford Fusion for $13,000.00 and places an ad in his local newspaper on February 1st. After several weeks without any inquiries, Vivian contacts Bernie on March 1st stating she will pay him $12,000.00 for the car. Bernie arranges to meet with Vivian on March 5th to complete the deal. Vivian comes to Bernie’s house on March 10th and says she will give Bernie $12,500.00 for the car; but she needs three additional weeks to come up with the money. Bernie agrees but only if Vivian puts down a deposit. Vivian agrees and Bernie drafts an agreement stated the sale will must take place no later than March 31st. Vivian reads and signs the agreement and

As of whether the parties were of a sane mind, yes they were to allow them capacity to seek purchase of a new car and also agree to the terms and conditions of the sale.

941 So.2d 396 (4th DCA, 2006), “The elements of a breach of contract action are a valid contract, a material breach, and damages.” Mr. Jenkins, Mrs. Johnson and Mrs. Cooper consciously and voluntarily entered into a contract with the Landlord. By signing a written lease agreement, they agreed that the words of a contract are clear, definite and must be understood according to their ordinary meaning. By breaking a lease agreement before the expiration date, the defendants failed to perform their obligations according to the valid contract. In consequence of a breach of contract, the plaintiff was harmed by that failure and caused a financial damage by receiving only 2/3 of full monthly payment.

Letisha signed a contract with Sudson Washers and Dryer Service to lease a set for five years for the apartment complex she owns. The salesman quickly sells her the leased set, they sign the contracts and he leaves, giving her the signed contract on his way out the door. Five years later, she decides she no longer wants to lease the machines from Sudson Washer and Dryer Services and calls to have them picked up. When speaking with the representative on the phone she learns there was a clause on the contract sheet she signed five years ago stating she must cancel the contract in writing 90 days ahead of time. Letisha is surprised by this piece of information and since she did not do this, she is legally bond in the contract, which will hold her for another 15 years. The representative on the phone tells her she is bound to the contract and there is nothing she can do to help her (Argosy Classroom, 2016).

24. Brizon, a toy company enters into a five-year agreement with Toys Paradise (TP), a toy Shopee. The agreement states that Brizon is to provide all the toys required by the distinguished shop at a fixed rate. During the first 3 years of the contract, Brizon uses its excess capacity to meet-up with the anticipated requirements and delivers between 1.25-1.5 million toys to TP. However, in the 4th year of the agreement TP wants Brizon to deliver approximately twice as much toy, so that the toys can be used at other outlets owned by TP. In such a case:

Independent sales representatives work to put together profitable sales deals for manufacturers who often don’t have the time or desire to develop relationships for the sale of their products. Sales and manufacturing are often two different mindsets. Manufacturers often rely on independent sales representatives for this part of the process. Paying the sales commission is part of doing business until the manufacturer decides to lower his cost by selling directly to the customer. Once the relationship is built, the money that was paying the sales commission can be saved or invested elsewhere. “A bad economy only increases the cost cutting measures by manufacturers. However, when cost cutting measures involve breaching a prior agreement

Additionally, Blue Ridge was engaged to meet the terms and conditions of para 10.1 of the Lease Agreement to keep all HVAC units in good working order and repair during my tenancy. Blue Ridge carried out regular periodic inspections of the units and performed maintenance work as in their professional opinion was required. The cost of the services provided by Blue Ridge to Furniture Affair was in excess of $7,000 per annum. Irrespective of this and only to be diligent I

The above scenario is difficult to analyse due to there being no executed contract documentation to review such as a specification or terms and conditions to base a recommendation upon. Basic legal contract principles should therefore be applied to establish if a contract was in place, if it had been breached, along with potential remedies applied to each party.

Introduction: In this assignment I will go over a few legal terms in relation to contract law. I will also talk about a few precedents that help explain the law.

1. For the following types of undertakings, which contract modes are most appropriate? Be prepared to explain the rationale behind your choice.

A contract is a written or spoken agreement between two or more parties that involves the exchange of two promises, which is intended to be enforceable by law. The four basic elements are the offer, consideration, acceptance, and mutuality. When elements are broken down individually, each one is just as important as the next. If one of these elements are broken or misunderstood, it could mean result in the contractual agreement becoming not valid and end in lawsuit. The overall purpose of the contract is for legal purpose and to keep a order within an agreement.

[Insert your answer for question 1 here; answer all other questions likewise immediately following the question.] After saying the fourth statement, Sam is accepting the agreement by saying “that sounds great to me”, but nothing has been accepted legally because there has not been a selling amount stated for the bike yet. From Sam’s statement, the reasonable person would assume there will be a contract, but as of right now there is not.