User Account

All Pages

What are the elements of a valid offer

Assignment Help Business Law and Ethics
Reference no: EM133190856

Description
For each of the following five questions, explain your answers in as much detail as possible. For each answer, state the law (including all of the relevant elements of the law), state the relevant facts, apply the law to the facts, and give your opinion as to what the outcome should be.

Question 1) Acme Equipment offers to sell a dough-cutting machine to Big Bagels Inc. The offer states: "This offer expires Friday noon." Acme is based in Boca Raton, Florida. Big Bagels is based in Los Angeles, California. On Friday, at 10:00 am Eastern time (Florida time), the sales manager for Acme calls the president of Biscuits and says, "Well, I guess you don't want it. Contract is terminated." What are the elements of a valid offer? Was this a valid offer, and why? Should this contract be terminated, and why?

Question 2) Yellow Heating Inc. offers to ship furnaces to Zippy Inc. for $4,500 cash. Zippy's CEO e-mails back, "Great, I accept, as long as we can make that payable in three weeks, not tomorrow." What are the elements of a valid acceptance? Was this a valid acceptance and why?

Question 3) On Monday morning, Andy and Brian enter an oral, unwritten contract for the sale of five acres of land in Delray Beach, Florida, at "$10,000 per acre." On Tuesday morning, Andy demands that Brian pay him "$11,000 per acre" for the land. Brian refuses. Andy sues. Who should win, and why? In your answer, explain written/oral and implied/express contracts.

Question 4) Abby is a brilliant 16-year-old high school student who has invented "The Spritzer," a device to keep vegetables fresh in the refrigerator. Abby goes to TGIThursdays restaurant, where she meets up with Brianna, the 23-year-old sister of Abby's best friend. They sit down for a bite to eat. Brianna has four vodka-and-tonics, Abby has a Coca-Cola. Brianna and Abby write a contract on a sheet of paper, and sign it, stating that Brianna promises to pay Abby $100,000 for all rights in The Spritzer. Is this a valid contract? What are the reasons why this might not be a valid contract?

You shall be graded on your complete and proper explanations, research and language usage, all as noted below. The report must be no more than 1,000 words and is to be submitted in typed, double-spaced form.

Reference no: EM133190856

Questions Cloud

Define what critical thinking is and why it is important : In your own words, define what critical thinking is and why it is important. In your own words, explain what a fallacy is and give an example.
Making poster on non verbal communication : Northampton Community College-Make a poster on non verbal communication. Include: A specific topic (Check with me if you are unsure.)
Determine the number of high tides and low tides per day : How many high tides and low tides per day are there at this location? What is the time and elevation of the high and low tide at this location?
Evaluate how business law concepts apply today : LEG 100 Business Law - Strayer University - What new developments do you think will present the need to rethink and re-evaluate how business law concepts apply
What are the elements of a valid offer : Lynn University - Contract is terminated." What are the elements of a valid offer? Was this a valid offer, and why? Should this contract be terminated, and why?
Challenge social and political hypocrisy : Psych 11 Barstow Community College-What examples have you seen of present day pornography that challenge social and political hypocrisy?
How did the verbal attack on the four woc congresswomen : How did verbal attack on the four WOC congresswomen by President Trump and their response connect to misogynoir, and controlling images of women and violence?
Describe the housing bubble : Central Pennsylvania College - Describe the housing bubble. This paragraph should include the definition for "foreclosure" and how "foreclosures" were a part
Gender differences in infancy and childhood : Grantham University-Choose one of the following topics and write a 1,050- to 1,400-word paper summarizing the current professional literature on the topic.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Review a transcription services contract

Review a Transcription Services contract and evaluate if it meets the basic elements of a contracts and includes all terms that would be needed in contracting

  What is meant by the phrase crimes are statutory offenses

Do you agree or disagree with the U.S. Supreme Court's decision in the Berghuis v. Thompkins case (textbook, 157 - 159)? Is the majority or the dissenting opinion more convincing? Please explain.

  Counter-thesis and counter-argument

Counter-thesis and counter-argument In this part of the paper, the strongest objection to the thesis is presented along with an argument (probably briefer than the argument in Part Two) for that thesis.

  Incarceration of first nation

Can one argue that the over- incarceration of First Nation's People are linked to the lack of Amends by the Canadian governments

  Is beer and liquor advertising directed to the youth market

The beer industry sponsors many campus athletic contests. Brewers have established promotional relationships with rock bands.

  Use headnotes to highlight the issues

Open a blank Microsoft® Word® document which should be labeled 'Torts 612 Assignment # 11' followed by your last name and your student number. Please write your answer to this essay question as if it were your final. You should use the IRAC for..

  Explore the legal rights and responsibilities of the tenant

Describe whether or not Roger has a legal obligation to pay for the damage he caused and determine whether or not Larry would be liable for any direct damage.

  Where the case originated and track

You will select a U.S. Supreme Court decision and conduct through analysis of the decision. In doing so, you will discuss where the case originated and track its development through the courts to the U.S. Supreme court

  Why was the employers questioning this employee illegal

Why was the employer's questioning this employee illegal? If, as it appears, the termination was based on the employee's disability, is there any way the employer could defend its actions

  Legal effect on the signature of a drawer

A forged signature has no legal effect on the signature of a drawer. Acquiring a negotiable instrument after its maturity date may prevent a holder from becoming an HDC

  Why should drug court be utilized over sending one to prison

After your reading and research, do you think drug court is effective in its goals to help those on drugs and to lessen the impact on jails and/or prison?

  What is the marital communications privilege

What are four fundamental conditions that must be established before a person is exempted from testifying in a judicial proceeding based on a claim of privilege?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd