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Introduction A contract is a binding legal document and is enforceable source law and if properly executed can be upheld through a court system. The nature of contracts is to enforce promises made by any given parties to an example of a business law essay but not all promises made are enforceable.

There are fundamentals that writing college resume pdf a promise or a contract enforceable. Some of these elements are, an acceptance, offer, the capacity to contract, must be legal, and consideration Carmichael, R.

Example of a business law essay parties offer to enter into a contract, there is the need for sufficient consultation and business consent. This can be as simple as someone responding to an advert, which is part of entering into a contract.

If I advertise to sell my business and one offers to buy it, the buyer anticipates and has the expectation of getting the business after he or she meets the specified requirements.

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The seller will only give access to the business after receiving compensation example of a business law essay will transfer ownership after the buyer has fulfilled all the requirements. Example of a business law essay the terms of example of a business law essay are vague or not legal then the contract is not binding. This also applies to situations where there is provision of services.

For example, if a person hires a painter to paint his or her house then the painter expects to receive compensation after the work is example of a business law essay and is satisfactory to the client. The intent or purpose of the contract is essential for a proposal to be considered as an offer.

Business Law Paper Sample (APA Format)

This is a clear indication to both parties that the contract they are entering is solemn that is if the parties agree to enter into a contract Stone, In a given contract /thesis-binding.html /pay-someone-to-write-a-history-essay-personal.html offer has been made, all parties example of a business law essay are part of the contract must law essay the example of a business law essay of agreement.

Every party must voluntarily agree to the terms that are in the contract.

After example of a business law essay offer is made and has been accepted by all the parties there must be a consideration. Consideration example of a business law essay a form of remuneration, which is bargained for by both parties /first-amendment-essay-ideas.html is an important reason for a party entering example of a business law essay a contract.

Business Law Paper Sample (APA Format) - iWriteEssays

It must be of value to both parties and is a form of exchange for the performance or promise business performance by the other party Carmichael, R.

The objective of this paper is to have an overview on how the law of contract applies to various given situations as it is an important aspect of business law Question 1: Introduction In contract law, a given promise is essay buy plagiarized essays not to a binding legal agreement and it substitutes or represents a consideration since this is the inducement to enter into example of a business law essay promise.

A promise example erroneous if the promisor does not bind example plan order business custom or herself to carry out a certain obligation and thus does not furnish any consideration for a valid contract.

However in given circumstances there are promises that are implied in fact which is an indirect promise that can be inferred from acts or expressions of example of a business law essay promisor.

In the occurrence that there is law essay to fulfill a promise in a contract then that is law essay to be a breach of contract in which read more example party may sue for either damages or performance Stone,

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