the offer but because this contract is a Freedom of Contract by making whatever contract they want because it is not binding until you meet all criteria that apply. This is a communication of Acceptance because it was mailed. The acceptance part is meeting the exams and that is only for the Academy leading to employment. This is a bilateral contract which means agreement in which one promise is given for another Chapter 13: Question 11 on pages 279-280 No he did not have a legal contract with
Words: 652 - Pages: 3
Compudata – a computer software & systems company. You receive an inquiry from BMI, Inc. regarding your company’s various services. a. What are some of the legal issues you need to consider? i. How do we enter into a contract Contracts ii. What happens if BMI breaches Remedies iii. How do we protect our product IP iv. Are we dealing with the right person Agency v. What happens if we have a dispute Litigation
Words: 22614 - Pages: 91
1 There is an example. Jack's Fruit Company received a purchase order from Yummy Plum Smoothie Shack for the delivery of 100 cases of red plums. Jack has accepted the offer to purchase based on the purchase order in action, as demonstrated when Jack's farmer picked and packed the fruit and immediately sent the shipment out to Yummy's. Upon receipt of the plums, Yummy's accepted the fruit, and it is expected that it will be paid for either on the spot or according to the terms of the original purchase
Words: 304 - Pages: 2
responsibility = work wit skill n care, don't make secret profit, obey the principal's lawful instruction. Principal resp. - pay agent, reimburse agent for debts incurred on the job Termination of agency - 1- BY ACT OF THE PARTIES (both agree to terminate contract, principal can fire agent if agent make secret profit) 2 - BY OPERATION OF LAW- if the principal is bankrupt, if the principal/agent dies, if the nature of the agency is destroyed eg. Goods in a shop burnt the agent who sells good now has nothing
Words: 351 - Pages: 2
“three thousand dollars firm,” explain whether or he was making an offer that, if accepted, would bind the dealership in contract .“The Law of Contract in modern terms could be defined as 'an agreement containing a promise enforceable in law'. The four component parts of a contract are: 1) Agreement, offer and acceptance, 2) Mutuality and consideration, 3) Mentally Competent parties, and; 4) A legal objective. In a contract, if no time is specified for the performance of an act, a reasonable
Words: 687 - Pages: 3
Bait and Switch By Darryl Mitchell Professor Kenneth Pino Law, Ethics, and Corporate Governance – LEG 500 August 21, 2011 1. Betty drove three hours in one-hundred degree heat. Explain if this fact has any bearing on whether or not the dealer must perform in accordance with the published advertisement. The fact that Betty drove three hours in one-hundred degree heat has no bearing on whether or not the dealer must perform in accordance with the published advertisement
Words: 1521 - Pages: 7
Chapter6(Formation of a Contract: Consideration and Intention ) before an agreement is binding in law it must also have 2 primary elements:1. Consideration, and 2. Mutual intention to create legal relations Bargain: Each party pays a price for the promise of the other Consideration: the price or value for which the promise of the other is bought. Promisor: promise to pay money, deliver goods or provide servicesValid consideration must be: Specific but not
Words: 718 - Pages: 3
off fireworks. Besides hiring new employees, we might run into a problem where if the large orders stop, we might not have the funds to continue to pay extra help. In this paper I will determine which contract the owner and the other business will need. I will also need to determine if the contract is governed under the common law or the Uniform Commercial Code (UCC). Conduct to see if all the five essentials elements are met in the contact. Develop different employee types and relationships while
Words: 2355 - Pages: 10
SUBMITTED TO: Dr. Siti Salwani Razali SUBMITTED BY Abdullah Md Mohabbat 1112221 Abdul Wasey Faheem 1119949 (Section : 3) FACTS OF THE CASE The defendant had made the highest bid in an auction. The defendant had withdrawn his offer before the auctioneer had knocked his hammer. The plaintiff’s counsel opened the case with as: the goods were put up in one lot at an auction. There were several bidders of which the defendant was the last bidder. The defendant had bid 401. The auctioneer
Words: 1106 - Pages: 5
titanic that he will have to leave and look for a cheaper location of titanic cannot assist him in this difficult situation. Titanic, which desires to keep its tenants, agrees to accept $1000pm (but the rental agreement is not formally amended). Offer and acceptance, intention, commercial agreement, consideration, Joe did not provide consideration in support of titanic’s reduction in rental thus this promise is not binding. Rule in pinnel, part payment does not discharge the debt. Promissory estoppal could
Words: 649 - Pages: 3
