Critical Analysis Paper
Sheena Stackhouse
BUS 311 Professor MacKusick
June 22, 2015

I have a friend named Nesha and she is in a rental agreement for an apartment that she lives in. knowing the five elements of the contract she went ahead and signed the contract. The five elements included: she understood the offer, she knew the consideration, she had the intention to create a legal relationship, both met the capacity of the contract, and she gave an acceptance. Although she signed a rental agreement to live in a provided space, she had to deal with her job closing where she was previously working in the city she knew little about. Her reason for leaving was to find a job so eventually she had to leave the apartment and go back to her home …show more content…
A friend of hers started a company and that’s where she was going to be managing a store that why her intention was to live there. She had intention of making a contract with the complex for managing group and that was her reason for going to the rental office of the complex. Nesha told me if she wanted to break the contract then she needs to pay all the months the apartment is not being occupied by other tenant for renting out and pay fees to remodel the apartment so that it can get rented out by another applicant. “A contract is a legally enforceable agreement. As this definition implies, a contract comes into existence from the voluntary assent of two or more individuals to enter into a legally binding agreement.”(Rogers, 2012)
The apartment complex offer to Nesha was for one year of her paying the monthly price of a one bedroom. So, she will have to make payments on the 1st of every month that she rents from them. If she happens to be a week late extra fees will be added, if she is even three days late there will be a late fee and if the contract has an agreement she’s obligated to pay the apartment