Contract law exists to ensure that agreements between two or more parties are honored by every party. In this regard, contract law is based on the principle that agreements between two parties are legally enforceable since every part needs to honor his/her part of the deal. Despite the constant changes in contract laws because of the uniqueness of contractual situations, there are some basic elements that must exist for a contract to be established between the parties. The existence of these elements is usually used as the premise for addressing contractual issues that may arise between the parties during execution of the terms of the agreement. The use of these elements help in determining the existence of a valid contract, especially when issues emerge during the fulfillment of each party's obligations or when one party denies the existence of a contract with another. One of the situations in this scenario that describe an offer and acceptance sufficient to generate a valid contract is Bob and Ben's situation. In this scenario, there was an offer or promise i.e. Bob offered Ben $50 per week for lawn mowing every Saturday. Secondly, the two parties reached an agreement in which Bob was to pay Ben in two installments and if the job was satisfactory while Ben agreed to mow the lawn and provide the mower, gas, and oil. Third, there was performance of contractual obligations on Ben's part since he mowed the lawn for nine weeks through Bob did not pay him (Ben) after six weeks as they had agreed upon. These elements demonstrate the existence of an offer and acceptance sufficient to create a valid contract between Bob and Ben. However, the legal capacity for these two individuals to enter into a contract could generate concerns since Ben is 14 years. These issues could be addressed through contractual capacity, which states that an individual's ability to enter into a contract is not diminished by age (Walston-Dunham, 2012). Therefore, Ben's age is not an impediment...
While Noah enlisted the help of the travel agency to look for a good deal for his vacation, there was no offer by the travel agency that Noah would agree upon. The travel agency did not provide any offer to Noah showing the best possible deals that Noah could agree upon before charging him (Noah). In essence, Noah had provided an indefinite promise that would not constitute a valid and enforceable contract because there were no specific terms for the travel agency to act upon rather than simply look for a good deal for his vacation.
Travel Agency business proposal The following progress report on the Jamaica Tour project provides a summary of activities to date and the remaining steps. In this stage of the project, the services offered by other travel agencies completed. This provided some insight on how to start a small scale company. The IRS tax policies and conditions were searched and necessary documents have been downloaded. The current main focus is mailing
Contracts Law: Disney World Jurassic Park Amusement Ride The first question at issue in this study has to do with the termination of an employee for poor sales performance who entered into a non-compete agreement with the company, specifically that of Disney. The employee, Simpson agreed that he would not directly or indirectly compete with Disney as an agent, employer, broker, or contractor for one year from the date of termination.
Greyhound is part of the travel services industry, providing intercity travel within the United States as well as travel packages and mail services. The environment that Greyhound operates in his been effected by the events of September 11. The safety concerns, the decline in air travel and the decline in international travel creates opportunities for Greyhound. In the current environment, there would be increased interest in travel arrangements other than
Production Case Study PRICE NEGOTIATION MEMORANDUM (The prenegotiation objectives establish the Government's initial negotiation position. They provide parameters that will be used in the contracting officer's final determination of a fair and reasonable price. They should be based on the results of the acquisition team's analysis of the offeror's proposal, taking into consideration all pertinent information including field pricing assistance, audit reports and technical analysis, fact-finding results, independent Government cost estimates, and
Legal Perspective- New York's leading decisions Judge Hiram Grey in the Court of Appeals of New York adjudged the case of Lawrence v. Fox in the year 1859. The case was about Mr. Holly who lent $300 to Mr. Fox while stating that Holly owed $300 to Mr. Lawrence. Holly lent the money on the condition that Fox would repay it to Lawrence the very next day. What happened, however,
Small Business Government Contracting CEO of Small Business that Provides Service Expansion by Competing for Navy Contracts at a Base Several Miles Away The objective of this study is to examine the scenario of a CEO of a small business that provides a service and business expansion through competing for Navy contracts at a base several miles away. This work will: (1) Determine how the federal government encourages small businesses and how
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now