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What are the elements of contract

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Business Law for Commercial Transactions. Week 2 Discussion Question. In this assignment, you will research and apply legal requirements related to sales contracts, warranties and remedies. Explain the best solution to this scenario: Scenario 2 Magic Suzy, an expert balloon artist, rented two helium tanks from Party Products. Magic Suzy had a booth at the city fair that was in town from Friday until Sunday night. She was going to give out helium-filled balloons, as well as the little animals she made from twisting the balloons. The rental contract required Suzy to return the used tanks by Monday. She left the tanks inside her booth at the fairgrounds on Sunday evening after the fair closed. Suzy planned to come back early Monday to clean and pick up the tanks. Oscar, aged 15, attended the fair with some friends. After the fair was closed, they jumped over the fence and discovered the tanks. The tanks carried printed warnings stating: HELIUM GAS- CAUTION! CAN CAUSE RAPID SUFFOCATION IF INHALED. KEEP AWAY FROM HEAT, FLAME OR SPARKS. Include comments related to any ethical issues that arise. Let us first ask... What are the elements of contract? Is a cashed personal check a contract?

Reference no: EM13847860

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