100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Summary BUS 206 Project 3 Contract Law.docx BUS 206 BUS 206 Project Three “ Contract Law New Hampshire University There are four elements to a contract: offer, acceptance, consideration, and capacity. The four elements must be present for a valid contract $7.49
Add to cart
Summary BUS 206 Project 3 Contract Law.docx BUS 206 BUS 206 Project Three “ Contract Law New Hampshire University There are four elements to a contract: offer, acceptance, consideration, and capacity. The four elements must be present for a valid contract
BUS 206 Project 3 Contract L BUS 206 BUS 206 Project Three “ Contract Law New Hampshire University There are four elements to a contract: offer, acceptance, consideration, and capacity. The four elements must be present for a valid contract to exist (Martella, 2013). The first step towar...
bus 206 project 3 contract lawdocx bus 206 bus 206 project three “ contract law new hampshire university there are four elements to a contract offer
and capacity the
Written for
Southern New Hampshire University
Snhu
All documents for this subject (348)
2
reviews
By: johneubanks • 2 year ago
By: smithelec3 • 3 year ago
Seller
Follow
helperatsof1
Reviews received
Content preview
BUS 206
BUS 206 Project Three – Contract Law
New Hampshire University
There are four elements to a contract: offer, acceptance, consideration, and capacity. The four
elements must be present for a valid contract to exist (Martella,
2013).
The first step towards a contract is the offer. Typically, a party offers to perform a service, sell
a product, trade, or conduct other business ventures. An offer is valid when it is severe and not revoked.
We can't be said in jest, or the offeror cannot withdraw the offer. Secondly, we have acceptance when
the proposal is agreed to by the party it was presented to. The next element of a contract is a
consideration. This is when we have an exchange of typically money.
Contractual capacity is the third element, which is the legal ability to enter into the legal biding
agreement. The parties need to understand they are entering into a contract. A final element is a lawful
object identifying if the contract is legally binding. To be legally binding, the contract cannot be illegal or
against public policy. (Ashley, 2017)
As we analyze the summary of this case, we need to look at the potential rights. First, we
have the Friendly Dawg:
The Friendly Dawg has the right to expand the business; this is due to nothing specific in
the lease refraining them from it.
The Friendly Dawg is not late on their rent, and they pay more than
Sunshine Yoga. This entitles the Friendly Dawg to refute any claims.
The Friendly Dawg has the right to renovate unless the lease restricts him from doing so.
The Friendly Dawg has the right to have repairs made by the Landlord per the lease. Lou's
refusal is a violation of the lease.
Next, we look at Landlord Lou:
The Landlord may have Dave about the live animals since Dave's father's lease only
mentions supplies.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller helperatsof1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
