Discuss the meaning of one of the six elements

Assignment Help Business Law and Ethics

Reference no: EM133257006

Question 1. discuss the meaning of ONE of the six elements of a valid contract, below, as described in this week's Slides/Lecture. (Please use the correct terms, as listed below; do not change them to a different words.)

Intention to create a legal relationship
Offer
Acceptance
Consideration
Capacity to contract
Legality

Question 2. Adam says to Betty, "I will sell you my bicycle for $100." Betty replies, "I will buy it for $75."
Has Betty accepted the offer, or not? What effect on the original offer does Betty's counter-offer have? Explain your answer.

Question 3. Chan writes a letter to Dhaliwal on July 1st, offering to sell her property. Dhaliwal writes a letter on July 31st accepting Chan's offer. He puts the letter in the mailbox on the same day, and Chan receives it on August 4th.
Is Dhaliwal's acceptance valid? Why or why not? Explain your answer.

Reference no: EM133257006

Questions Cloud

Write an email for networking purposes : GERM 1010 University of Memphis Write an email for networking purposes assuming that you met a social media expert at a conference who you want to stay

What is a dual-board system : MNGT 3320 Webster University What is a 'dual-board' system that most companies in continental Europe make use of? How does this differ from the Anglo-American

Identify the laws, treaties, acts, and governing bodies : ETHC -232-0 DeVry University, Chicago Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business

How does chen define symbolic-moral power : Jennifer Jihye Chun, Organizing at the Margins: the Symbolic Politics of Labor in South Korea and the United States, pp. 13-19.

Discuss the meaning of one of the six elements : BUSN GB1S1 Justice Institute of British Columbia discuss the meaning of ONE of the six elements of a valid contract, below, as described in this week's Slides

The parties have no intetion to creat legal relations : Alan to genting highlands for his birthday. Due to landslip, the trip is cancelled. Alan cannot sue Jack for breaking his promise - the parties have no intetion

What were your takeaways from the administrator responses : ADM 528 University of Phoenix What were your takeaways from the administrator responses related to facilities management? What will you take back to try

How much sun exposure does human body need to maintain : Topic: How much sun exposure does the human body need to maintain a healthy amount of vitamin D?

What are the sources from which you got the answers from : Did we learn anything from it, or was it just a waste of nearly 60,000 American lives? What are the sources from which you got the answers from

User Account

All Pages