Law in Business

1 . Question 1 : This question presents two scenarios, both(prenominal) of which revolves around the solvent of whether there is a contract. To solve the well-grounded problem , can Justin , We need to know : What is cut? 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 mess 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 acceptance made done oral communication. However, the problem arises when theres a lack of terms of conditions in their agreement. Without communicating details such as an exact go steady of when Justin can receive the litre dollars or both other(a) conditions, their exchange appears more pauperization an invitation to treat. When examined further, we see that as Justin has not provide any consideration, this cannot be a contract, especially as Leannas offer is only a free promise. Ultimately, Justin seems unlikely to withstand a remedy for the fifty dollars that didnt receive, as this was not a binding contract enforceable of the court of law. Leanna hasnt committed any legal wrong , rather the slash she has done is committed a moral wrong . 1.2 luck 2. After Justin has agree to the terms of Rebeccas new offer, Justin promptly paid the relevant... If you want to buzz off a full essay, order it on our website: OrderEssay.net
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