StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Validity of Contracts - Assignment Example

Cite this document
Summary
The assignment "Validity of Contracts" focuses on the critical analysis of the major issues in the validity of contracts. There is a valid contract between Adam and Bill since they agreed on two aspects; to open a joint venture and Bill would sell Adam the restaurant in three years…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.3% of users find it useful

Extract of sample "Validity of Contracts"

Bill offers to sell Adam the restaurant and Adam accepted and this shows that a valid contract was cleared. Consideration of the terms of the contract also constitutes a valid contract and it can be seen that this step was taken into account in the formation of this contract. The parties involved can contract since they are mature enough to be responsible for their actions and the aspect of legality also exists in this contract and that is the reason why it became binding.

If I were Adams’ attorney, I would categorically state that the verbal agreement made between the two parties constitutes a valid contract. By a standard, it can be seen that a valid contract has been formed between Adams and Bill through the verbal agreement they entered into. Bill’s attempt to breach the contract after realizing that the restaurant has been making high profits is illegal.

Probably with little success in sight, I would try to argue on behalf of Bill that the contract should not be enforced because it was not written. Some people may argue that a verbal agreement is difficult to prove and this is the point I will base my argument on. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Contracts Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Contracts Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1689067-contracts
(Contracts Assignment Example | Topics and Well Written Essays - 250 Words)
Contracts Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1689067-contracts.
“Contracts Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1689067-contracts.
  • Cited: 0 times

CHECK THESE SAMPLES OF Validity of Contracts

Principle of Reasonableness in Contracts

As a result, people enter into a large number of contracts.... This case study "Principle of Reasonableness in contracts" focuses on essential legal documents for the conduct of formal relations between individuals and organizations.... contracts need to be drafted with due care and caution by experts in the field as well as with legal advice.... Under civil law contracts are an obligation and hence these are to be considered under the general law of obligation....
5 Pages (1250 words) Case Study

Strategies for successful writing

It begins by stating the basic characteristics and elements of contracts, and the necessary steps in contract formation, as well as the intrinsic circumstances that affect the Validity of Contracts.... The topic discusses what sales contracts are, however the presentation is limited to only what contracts are.... However, it did not directly discuss the duality of relationship in governing sales contracts under both contract law and the provisions of sales under the UCC, Section 2. ...
3 Pages (750 words) Essay

Mortgage Taking and Renters Rights

The paper "Mortgage Taking and Renters Rights" describes that property rights must be well understood for instance the tenant-landlord rights so that when a case arises, the parties could know what to do especially where the property under question has been listed as a guarantee to a loan.... ... ...
5 Pages (1250 words) Essay

Legal Environment of Business - Grocery, Inc

The oral testimony is admissible, because UCC guidelines only restrict Validity of Contracts beyond stipulated quantities but provides for admissibility of any other form of oral evidence, and is therefore the evidence, particularly after its presentation in a trial (Cross and Miller, 2011).... Common law also applies to the contract because of its scope that includes law of contracts (Cross and Miller, 2011). ... Common law also applies to the contract because of its scope that includes law of contracts (Cross and Miller, 2011)....
4 Pages (1000 words) Assignment

UNIDROIT Principles of International Commercial Contracts

The paper «UNIDROIT Principles of International Commercial contracts» acquaint with a code applied to commercial contracts worldwide.... The UNIDROIT Principles make a valiant attempt to ensure fairness in international contracts.... The UNIDROIT permits the contracting parties to include its principles, in their contracts.... contracts do not have an absolute binding character; and the UNIDROIT Principles introduce the concept of hardship, which occurs due to a fundamental alteration of the equilibrium of a contract....
20 Pages (5000 words) Research Paper

Principles of Contract Law

From the paper "Principles of Contract Law" it is clear that the Queen's bench may approve the decision of the lower court or it may send it to the lower court for the magistrate to apply the decision of the bench on the contested point of law (Stone, 2010).... .... ... ... An offer is a promise made by an 'offeror' that is capable of becoming binding upon being accepted by the 'Offeree'....
6 Pages (1500 words) Assignment

Law of Contract - Likely Outcome and Reasons

The paper "Law of Contract - Likely Outcome and Reasons" states that generally, there was no intention to create legal relations as the promise had been made during social discussions and Monica had not suffered any detriment from relying on the promise.... .... ... ... There are four main essential elements of a contract in common law jurisdictions such as Australia....
6 Pages (1500 words) Assignment

Agency and Contract Law

The paper 'Agency and Contract Law " is a good example of a law assignment.... Cassie has been employed by MME business as its business development manager a role that is prominently displayed on all her stationery and business cards.... The business intends to open an office in Ballarat and hence sends Cassie to survey relevant business opportunities in the Ballarat business district, evaluate competitors, and make enquiries on retail premises....
8 Pages (2000 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us