Rights and Obligations

Rights and Obligations Larry E. Williams AIU Online September 5, 2012 Abstract The purpose of this paper is to reason the rights and obligations of individuals initiate in to hugual correspondence. This paper give define the quad elements of the binding contract and this paper exit define the neutral feasible action of contracts. In addition, this paper volition contend how accusing theory of contracts applies to this mooring in particular. Also, this paper will establish the decision rendered by the court pertaining to this case and this paper will discuss advertisements as they pertain to offers. Rights and Obligations In this paper we will discuss contr veritable obligations of both parties that enter into a pen or a verbal agreement with each other. We will discuss what is considered a contract and what is considered an advertisement. This paper will discuss the four elements that take shape up a well-grounded contract and what is an objective the ory of contracts. We will also discuss in this paper objective theory of contracts applies to this case. This case is an actual case that occurred in 1999 when a Seattle man sued a indulgent drink company in Seattle, Washington over its advertisement of awarding a commons plane as affect in a contest.

tetrad Elements of a Valid nip The question that we need to examine and take is; what constitutes a binding contract? In prepare for a contract to be valid it moldiness contain four elements. These elements be; at least twain separate parties entering into an agreement: this agreement tin posterior be betwe en two individuals, it can be between two co! mpanies or it can be between an individual and a company (Maughan, n.d.). The parties must be capable to enter into an agreement and must be qualified to agree to the terms and conditions of the contract: individuals must be of efficacious age and they must be able to envision what is in the contract and what the contract is about (Maughan, n.d.). Both parties are receiving consideration, or value, from the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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