Valid Contract Paper

The principle of law is that for a valid contract to be formed there must be an agreement reached by both parties.

Rule : : Contract formation requires mutual assent (offer and acceptance), consideration, and no viable defenses to contract formation.

Contract monitoring is the systematic review of a contractor’s records, activities, etc. to ensure compliance with the terms and conditions of the contract (Texas HHSC 2015). Because privatization aims to provide the government with the best value in terms of quality, service, and conditions, contracting does not end after the procurement process (Schooner 2011, 3). The administration of the contract, including monitoring, is just as important to ensuring that the state gets the best value. Despite the fact that there is a clear contract monitoring process within HHS, time is not always invested into developing a comprehensive monitoring approach and funds are not always allocated towards that process, preventing agencies

The first element of a contract is the agreement, which is defined as including an offer and acceptance of the offer. The offer must include an intention to be bound by the agreement, reasonable terms, and communication (Kubasek, 2012p. 324). In the verbal discussion between Sam and the store manager, there appears to be an attempt to form a bilateral contract because the store has promised exclusivity to the dog barking device, and Sam has offered to deliver 1,000 units. The verbal interaction shows an intention and communication of agreement to the contract. However, the terms are not fully defined in this agreement. Specifically, the

Young has just fired Kathy who was her agent. Young places an ad in the classified section of the various local newspapers stating that, "Kathy no longer works for or represents Young in any way". Young would place this ad

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.

An advertisement involving a transaction in goods is an offer when it invites particular action, and when it is clear, definite, and explicit and leaves nothing open for negotiation.

Danny Davidson sold a single family home to Paul and Priscilla Peterson. A long-term relationship between Danny and Paul is the basis for not including a written agreement. The simple contract was made orally and only included the legal object and the amount to be paid. Danny did not disclose a dispute with his neighbor over boundary lines or include information about a soil subsidence in the front yard he claims not to have known about.

Most contracts are valid despite the fact that they may be only oral. Dan was knowledgeable that Pat wanted to buy a home, which she was not financially qualified to purchase. Consequently, he offered to purchase the home and sell it to her, when she had the capital to do so. The statement of Don to Pat, “When you come up with the money, I will sell the home to you for $250,000, plus a fair commission to be determined”, and Pat’s search and identification of a suitable home, and Dan’s purchase supports each intent to be bound.

In contract law there are four basic elements that must be met before a contract can be valid. These elements are: an offer and intent to do something, acceptance of what is offered, intent to create legal relations, and consideration. (Kubasek 2008). In the case of Sam Stevens and the national chain store, an offer is made when the chain store manager says it will sell Sam’s barking dog machine exclusively.

Flexibility is a key factor in sprinting as it has an underpinning for many other aspects that are key within sprinting such as power for example. Not only this but also increasing stride length

For instance, Mr. Jones might think that it is in his self-interest to cheat on his wife, in the short run. But if he considers the long-term, he will understand that he loses her either way by lying to her. If he really loves his wife, he will feel te rrible if he lies to her. If he no longer loves his wife, it is

Void contracts are agreements that illegitimate and unenforceable since it is created, and the law treats a void contract as if it had never been formed. This means that even if one party breach of contract, another party cannot recover because actually there was no clear contract. The cause of void contracts could be considered some reasons. For example, the agreement is probably impossible agreement or illegal agreement in law. Also, if the agreement is against public policy, it would be a void contract because it is unfair.

Contracts Exam Question (with sample answers) Question 1 H. Bigbus (B hereafter) operates a construction supply business in Harrisburg. B specializes in supplying difficult-to-locate plumbing and light fixtures for contractors who do remodeling work. B sent the following letter to five contractors in the Harrisburg region: OFFER TO THE TRADE We have cornered the market for a source of brass "Orient Express" wall hanging light fixtures. We know (and we're sure that you do, too) that these fixtures are in such great demand that they are nearly impossible to obtain. If you are willing to take all your needs from us, we'll guarantee delivery at $20.00 each. I. M. Sap (S hereafter), a contractor who remodeled about twenty houses per year,

Annalise finished high school with honors. There was a dinner for the honor students and each student was allowed to invite a guest. Most of the students were bringing friends', or boyfriends. Annalise wanted to do the same and invite a friend, Jorge had to work, her