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Vera And Teresa Case Summary

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4. Consideration: Lastly, consideration is the price that you pay for the promise to another. The contract is a bargaining process. In other words, to consider there is a consideration, Teresa must provide benefits to the volunteers for their performance. It is known in the articles that the volunteers are voluntary to provide service because some of them are from Gaslight Production and some of them are willing to help Teresa. Their actions are voluntary, which means that Teresa does not provide any benefits to them. However, Teresa still asks them to sign the contract. In this situation, because Teresa does not provide any benefit to the volunteers, there are no considerations, even though the contract has been signed.

Conclusion: Finally, there is no intention and acceptance between Vera and Teresa, so there is no contract between them. In addition, the volunteers and Teresa also do not have the contract because of the lack of consideration even though the other three elements of contract law have been satisfied. Thus, when several volunteers join in another second hand clothing store with Vera Lin, they do not break the contract law because the previous signed contracts are not valid. They are not enforced by law and Teresa cannot sue them by breaking the contract law.

Suggestion: Teresa cannot sue the …show more content…
Teresa runs this business but does not register in the government, so it cannot be a corporation. In addition, Teresa also runs this business by herself, which is a single individual. Sole proprietorships can exist without government involvement and formalities are not necessary. In other words, licenses are not required in some business. On the other hand, although Teresa uses Dawson Inc.’s name to operate the business, she does not create benefits for Dawson Inc. If Dawson Inc. wants to operate a business, it will need government involvement and proper formality is

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