Taking a Look at Contractual Law

3. Third Possible Offer. Peters response to Don of "OK, that sounds great. I just need to inform my sister first before I can act on this. This decision affects her too. Can I let you know for sure tomorrow?" does not contain the required promissory language required to show intent to form a contract. He is simply relaying that he is taking Dons invitation for an offer under consideration and must communicate with his sister prior to a decision being made.

In order to advise Billy in whether he is entitled to the extra $20,000 and a share in the farm, the key facts and relevant issues must be examined to determine if the elements of a legally binding contract exists. Whether there was an agreement and intention to create legal relations between the two will be used to determine whether Choy has breached a contract between the two. If a contract is found to

There are three main elements for the formation of a legally binding contract, intention, agreement and consideration. The requirement that requires discussion here is the existence of an agreement by the parties to enter into a legally binding contract.

Explain why it is important to have an intention to create legal relations when making a contract and why is consideration of the parties to the agreement necessary-:

Contracts are an important part of everyday life. They are an essential part of business. As a student of a business law class, I will discuss in this paper several aspects of contracts. This paper will give a definition of a contract and the essential elements necessary to form a valid contract. It will briefly discuss breach of contract and the difference between a material breach and a nonmaterial breach of contract. Examples of legal and equitable remedies available for breach of contracts will be highlighted. Also, legal excuses for nonperformance or other grounds for discharge of contracts will be addressed. Finally, three types of common contracts personally and professionally encountered will be mentioned.

The manager at the national chain store has sent a demand letter to Sam for the 1,000 units that he verbally promised. Therefore, an evaluation of the agreement, the consideration, the contractual capacity, and the legal object will be made to determine whether a valid contract exists.

A contract is a legal document that states and clarifies a formal agreement between two different people or groups. This implies that an agreement between parties must have a strong backing by law. The following are therefore required for a contract to be mandatory for all participants involved. These elements in a contract prove whether the contract is regarded credible or not credible: The objective is to build a legal relationship, offer and acceptance, consideration, capacity to contract and legality.

In this assignment I will be giving advice to Rick’s girlfriend on whether she has a legal right to return the laptop that Rick bought for her. I will be analysing whether a valid contract was formed and who it was formed with.

A legal contract arises when there is an offer, acceptance of that offer and also a sufficient consideration to make the contact valid. There are five essential elements that make a contract legal and these includes;

Our client Mr. Tunner wants to know if he has a valid contract that could be enforce. He met with Sally Connor, 92 years old, and her daughter, Rebecca, about replacing Ms. Connor’s roof and providing a home maintenance plan. Rebecca handles Ms. Connor’s financial matters but wasn’t present at the meeting. Mr. Turner noticed some medications that Ms. Connor was taking and help her with it. Mr. Turner discussed a two (2) year home maintenance package. The cost of the roof replacement and two

According to the Dynamic Business Law eBook; the four elements to a contract are Agreement, Consideration, Capacity and legality. The first element of Agreement would be deemed to exist if an offer is made and accepted creating a mutual agreement between the parties. An offer establishes criteria set by the “offeror”, usually referred as terms and conditions to another party, the “offeree” this is the first step in creating a contract. The second element of Consideration would be deemed to exist if “something” is negotiated by the promisor from the promise in return for signing or agreeing to the terms of the contract. The third element of Capacity would be deemed to exist if the parties are in sound mind and body, and over the age of consent. The fourth element of legality would be deemed to exist if they have a legal object, meaning the parties purpose of entering into a contract should be legal and follow the state and/or federal laws. (Kubasek, 2015, p. 305)

In order for a contract to be formed, there are various requirements. These are offer, acceptance, consideration, and the intention to create legal relations. A contract may also be terminated.

Contract Law Case Study Both the parties in the question have come to a problematic situation

Contracts are used in many different forms and for just as many different situations within our everyday lives. Some contracts are more involved than others and for some; contracts are an essential of their success. As we continue, we will take a look at different types of contracts with the main focus on enforceable contracts. With so many elements that are incorporated into any contract, the six essential elements of enforceable contracts will be the main focus of this writing. Having a clearer understanding of the essentials of life will help prepare us for life’s curves that may come our way.

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.