Based on the assessment of the whole situation, the issue is related on copyright to the different works done by the group members and the task would involve solving the doubt on who has the copyright to the works as the group members are disbanding. At an advanced level, learners would be assigned papers on business, taxation, employment, commercial, and Tort law, etc. Nonetheless, U. However, it is not proper to request an admission to an abstract statement of law e. T properly executed a will inby the terms of which he distributed his entire estate in the following manner: First: I bequeath my racehorse, law essay example, Swayback, to my friend, X, law essay example. Why not get a unique paper done for you? The law essay example of the elements in the formation of a contract Essay.
1 Actual Civil Procedure Exam With Model Response (written by a LEEWS grad) and Professor Comments
Any subject. Any type of essay. A contract refers to a voluntary agreement between two or more parties that is lawfully enforceable as a legally binding agreement, law essay example. There are various elements of a contract that must be met for any contract to be legally binding between the parties involved. These elements include; offer and acceptance, consideration, capacity and competency, mutual consent and writing requirement. The terms of a law essay example have specified meanings. Some contracts spell out the benefits that that are derived by third-party beneficiaries or instill requirements on third-party obligors. Contract law also specifies the future performance obligation of a third party that must occur to satisfy the contract.
The law also provides remedies and defenses for non-performance for the parties involved. In addition, this paper will also decide whether or not there was a contract for the purchase of the automobile and also identify the facts from this scenario which support the decision on whether or not a contract exists law essay example the purchase of the automobile. According to Smith and Atiyah, for any contract to be legally binding, it must have the four elements of a contract. The first element in a contract is offer and acceptance.
An offer expresses the willingness of an offeror to contract on a particular set of terms with the intention that in case the offer is accepted, he or she will be legally bound by the contract. On the other hand, law essay example, an acceptance expresses an absolute and unconditional agreement with every term outlined in an offer. In fact, an acceptance can be in writing or oral, law essay example. Furthermore, another law essay example of a contract that exists in this scenario is a consideration. A consideration refers to a promise of something that has a value that is provided by a promissor law essay example the exchange of something of value provided by the law essay example. Moreover, capacity and competency is another element of a contract.
According to Kronman, for any contract to be enforceable at law, the parties involved must have the legal capacity to enter law essay example any contract, law essay example. As such, where the parties involved are natural persons, they must attain the majority age and must also be competent. Jim and Laura and Stan have the legal capacity and competency to enter into a contract. Besides, writing requirements and formalities is another important element of a contract. A written contract must be signed by all parties involved.
However, a contract may be oral. An oral contract can either be implied in facts or implied in law. In an implied in fact contract, the parties involved receive the benefit of the bargain. In relation to the elements of a contract, it is evident that there was a contract for the purchase of the automobile between Jim, Law essay example, and Stan. Firstly, there is an element of law essay example and competency in the contract for the purchase of the automobile. This is due to the fact that both parties are not minors and therefore have the legal capacity to enter into any contract Kronman, Furthermore, as natural persons with sound minds, Jim, Laura, and Stan are competent enough to enter into the contract for the purchase of the car.
Thus, law essay example, this element proves that there was a contract for the purchase of the car, law essay example. Moreover, the element of consideration also exists between the parties in the contract for the purchase of the car. For one, each party in the contract received something for value. This consideration was sufficient and also moved from the promisor to the promisee. In addition, there was a mutual consent between the parties that prove that a contract for the purchase of the automobile exists between Jim, Laura, and Stan since the buyers agreed to pay the down payment which was then accepted by the seller. Additionally, the contract between the parties existed since there were an offer and an acceptance of something of value.
According to the law of contract, any agreement is legally binding and enforceable at law if there are an offer and an acceptance between the parties involved. In sum, the contract for the purchase of an automobile exists between Jim, Laura, and Stan since the elements of a contract were met in the arrangement. The existence of an offer and an acceptance and consideration binds the two parties to the contract for the purchase of the car. Also, the legal capacity, competency of the two parties and the existence of mutual consent between Jim, law essay example, Laura and Stan proves that a contract for the purchase of the automobile exists between them as specified by law. Law essay example, Jim and Laura are legally bound by the contract for the purchase of the car they entered with Stan.
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Your time is important. Get essay help. Related Essays Personal management contract: Preston v. Ferrer Essay. How real estate contract laws can help you Essay. The importance of the elements in the formation of a contract Essay. The Constitution and Contracts Essay. Analysis of English Contract Law Essay, law essay example. Evaluation of Contract Law and the Forming of Online Contracts Essay, law essay example. Trespass: A Paramount Tort In An Age Dominated By Negligence Essay. Law, legislation and legal commentary looks to evaluate the principle of Misrepresentation Essay. Article 35 of Cisg Essay. Find Free Essays We provide you with original essay samples, perfect formatting and styling, law essay example. Cite this Essay To export a reference to this article please select a referencing style below: APA MLA Harvard Vancouver The Contract Law.
The Contract Law. The Contract Law [Internet]. Order Now. Please check your inbox. Order now. Related Topics Child Abuse Essays 2Nd Amendment Essays Domestic Violence Essays Identity Theft Essays Prostitution Essays. Hi there! Are you interested in getting a customized paper? Check it out! Having trouble finding the perfect essay? Hire a writer. Got it. Law essay example found the right essay? Get an expert to write law essay example the one you need! Get your paper now, law essay example. Professional writers and researchers. Sources and citation are provided.
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