Kapoor G.K., (n.d). Business Law Including Company Law. Chapter 1 This book, in the isolated chapter 1 discusses the elaborate meaning of a contract and what makes up a legally binding contract. It discusses the elements of a contract in the context of sales and gives examples of what an offer in a contract is and acceptance which are two essential parts of a contract. The chapter further discusses the potentiality of having further obligations in a contract that may not have their origins in the agreement and may not be contractual in nature, like torts or civil wrongs, but could still be enforceable in a court of law. The chapter further highlights using examples and case studies how cases of contractual agreements can be solved. The chapter further discuses one by one the essential element of a valid contract and alongside each element the author gives easy to understand example or anecdote of how that element applies in a contract particularly in sale. He highlights that in order for a contract to be valid there must be agreement, intention to create legal relationship, free and genuine consent, parties competent to contract, lawful consideration, lawful object, agreements not declared void or illegal, certainty of meaning, possibility of performance...
according to enforceability, according to mode of formation and according performance. The chapter further outlines what defines or makes up an offer and acceptance. It discusses the various ways through which an offer is made i.e. by words and by conduct. The author also discusses how an offer can come to a close or lapses after a reasonable time frame. One aspect that makes this article a relevant, informative and applicable in the practice of law and handling of the case study is the fact that it gives examples and case studies for each aspect they discuss.
Contracts The basic elements of a contract are offer, acceptance and consideration. In this instance, the two parties have agreed to a specific good (consideration) and a specific price. Some specs were written down informally, but there is no evidence that a formal written contract with all of the details exists. The original presentation of the order was an invitation to treat. Sonya and Camille then set out the price and the
Contracts Law Case Study- Contracts Law There were two offers. There is an offer is a meeting of the minds can be reached by the recipient of the offer accepting the terms of the offer. The first offer was by Galaxy Computer store and consisted of Galaxy placing an ad in the paper for Pentium 4 computers for $3,000. The second offer was by Gabrielle and consisted of her offering a her
classical examples of some of the consequences that globalization has for some American companies. Indicated as one of Orleans's best supplier of different parts and accessories, used in the construction of elevators, Customs Fabricators Inc. faces the cheaper competition from Mexico. Orleans has decided to reduce its production costs and has organized an auction, where suppliers from Mexico are seen as favorites, due to their low costs. On the
Mobile Loyalty Background The mobile telephone system is part of a global communication sector that has a number of distinct but interlinked elements. Whether one talks on a telephone, searches the net, emails, sends texts or downloads and participates in web-generated data sharing, one is using the mobile telephone network more and more, to the point where it and some of the competing companies appear to be reaching their service capacities.
Federal Aviation Authority Brief Description Of The Case: The research study will make an effort to observe the related facts and figures of the Federal Aviation Authority of United States. The analysis of the details and structures of the organization will be taken into consideration keeping in view the problems and the obstructions which are coming in the development of the organization and which are affecting the organizational framework. The study will
Jilted Contractor The unfortunate case of Cromuel Contractor is a sad one to read. This is said because the detailing of the events surrounding the contract bidding war seemed to show that Ridley was the clear winner and that BFE was the clear loser. Given that Cromuel was a subcontractor under the Ridley bid, that would seem to have been a boon for Cromuel. However, what ended up happening was basically
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