Who won the case and why

Assignment Help Business Law and Ethics
Reference no: EM133197193 , Length: 2 pages

Question 1: Explain the following statements in your own words (do not copy from the case): 1. To form a legally enforceable contract, there must be (1) identifiable parties capable of contracting; (2) their consent; (3) a lawful object; and (4) a sufficient cause or consideration. The parties' consent must be free, mutual, and communicated by each to the other. Consent is not determined by the subjective, undisclosed intent of the parties. (Look at the Lucy v. Zehmer case excerpt on pages 232 and 233 as an example of how one court dealt with this issue.)

Question 2. Johnston argues that her offer required Olsen to reply to Townsend. Johnston contends that Olsen rejected the terms of her offer when she replied directly to Johnston. Johnston argues that Olsen instead presented a counteroffer when Olsen replied directly to Johnston. Johnston denies having accepted Olsen's counteroffer. Thus she contends that the parties formed no enforceable contract

Question 3. "Johnston did not make clear through her words and associated conduct that a reply to Townsend represented the exclusive permissible mode of acceptance. Johnston consequently did not create a condition precedent to Olsen's acceptance. The parties' mutual consent was completed therefore when Olsen accepted Johnston's offer in a reasonable manner. The offer and acceptance satisfied the three other essential elements of a contract. The parties had capacity to contract, the agreement had a lawful object - the sale of the property, and the agreement called for the exchange of sufficient consideration."

Question 4. Who won the case and why. (This must be a full explanation of the court's holding.)

Reference no: EM133197193

Questions Cloud

What communication skills would the practitioner need : What communication skills would the practitioner need to learn in order to effectively communicate research with the collaborative team
What types of job duties are performed at the store : What types of job duties are performed at store? When are your busy seasons and how long do they last? What performance expectations do you have for employee?
Effect obesity and diabetes have on life expectancy : Atlanta Technical College - What effect might obesity and diabetes have on current life expectancy?
Who is responsibility is to communicate pricing to patients : Health Care Marketing Discussion - Who's responsibility is it to communicate pricing to patients (hospitals, government, insurance companies, physicians, others
Who won the case and why : Chicago State University - Olsen replied directly to Johnston. Johnston denies having accepted Olsen's counteroffer. Thus she contends that the parties formed
Design an operating budget for a healthcare organization : Design an operating budget for a healthcare organization. Mention the organization.
Selecting an appropriate and effective test : Imagine that you are the human resources director of a retail organization, and you are in charge of selecting a test in order to determine who to hire as custo
Provide a summary of how the experiment was conducted : Provide a summary of how the experiment was conducted. Identify as many ethical issues as you can from the video.
Identify all the issues, and your perceived strengths : Identify all the issues, and your perceived strengths and weaknesses of those issues, that you want to discuss with the attorney

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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!

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