Elements of a Contract Nicole Castro BUS670 Legal Environment Prof. Robert Tocker September 2, 2013 A contract of employment is a type of a contract used in labor law to attribute rights and responsibilities between parties to a contract (Blum, 2007). On the one end stands an "employee" who is "employed" by an "employer". A written employment contract is a document that someone and their employee sign which sets forth the terms and conditions of the employment relationship (Tepper
Words: 2052 - Pages: 9
Business Law Professor, John Becker May 17 2012 There are two elements of a contract, which are (1) an agreement; (2) legal obligation. To constitute a contract there must be an agreement. An agreement is composed of two elements, offer and acceptance. The party making the offer is known as the offeror, the party to whom the offer is made is known as the offeree. Thus, there are essentially to be two parties to an agreement. They both must be thinking of the same thing in the same sense. In
Words: 1156 - Pages: 5
enforceable contract exists between Sam and David, I would first consider the requirements of forming a valid contract. Formation of a valid contract requires six pre-requisites all of which must exist in order for a valid contract to exist. Intention to Create Legal Relations From an objective perspective it can be seen that a reasonable person in Sam’s position would not have had the intention to create legal relations with David. Although this may have been undertaken as a business transaction
Words: 1851 - Pages: 8
Business Law Assignment Business Law Assignment Aalene Williams Business Studies Aalene Williams Business Studies Table of Contents: Case……………………………………………………………………………………Pg2 Issue 1………………………………………………………………………………….Pg3 Issue 2………………………………………………………………………………….Pg5 Issue 3………………………………………………………………………………….Pg7 Issue 4………………………………………………………………………………….Pg9 Issue 5……………………………………………………………………………...….Pg11 Issue 6…………………………………………………………………………………Pg13 Issue 7…………………………………………………………………………………Pg15
Words: 2736 - Pages: 11
defenses to negligence? Compare and contrast Contributory Negligence and Comparative Negligence What is strict liability? What is products liability? -Contracts What is a contract? What are the types of contracts? Details about executory, enforceable, void, express, implied, and voidable What are requirements of contracts? What happens when a contract is breached? -Real Property What things are considered real property? What is an interest in real estate? Details about fee simple absolute
Words: 4783 - Pages: 20
Business LS311: Quiz unit 4 Unit 4 : Unit 4: Contracts: Part I - Quiz Time Remaining: | Question 1.1. Food is the only thing that courts have been willing to define as “necessary.” (Points : 1) True False Question 2.2. If the subject matter of an offer is destroyed, the offer will continue to exist for a reasonable time to permit the seller to acquire replacement goods. (Points : 1) True False Question 3.3. Under most circumstances, an exculpatory
Words: 706 - Pages: 3
Question 1 0 out of 2 points | | | Which of the following was passed largely in response to business scandals of the 2000s, such as Enron? | | | | | | | Correct Answer: | The Sarbanes-Oxley Act of 2002. | | | | | Question 2 0 out of 2 points | | | When would a plaintiff use the doctrine of res ipsa loquitur? | | | | | Selected Answer: | [None Given] | Correct Answer: | To allow the judge and jury to infer that more likely than not, the defendant's
Words: 3591 - Pages: 15
Stevens trinagstevens@bellsouth.net Part III of the Course Project for PM598 Nov10 Contract and Project Management Presented to Instructor Robert Davy of DeVry University December 5, 2010 RUHLING MANUFACTURING COMPANY QUESTIONS Question # 1: Why might negotiation be favored over competitive bidding in certain procurement situations? A buyer or a procurement section of an organization, or business might choose negotiation over competitive bidding when a project is small, not planned
Words: 1949 - Pages: 8
Contract Risk and Opportunities LAW/531 Jonathan Jamieson April 19, 2010 CERTIFICATE OF ORIGINALITY: I certify that the attached paper is my original work. I affirm that I have not submitted any portion of this paper to any previous course, and neither has anyone else. I confirm that I have cited all sources from which I used language, ideas, and information, whether quoted verbatim or paraphrased. Any assistance I received while producing this paper has been acknowledged in the References
Words: 1499 - Pages: 6
Elements of a Contract Business 670 Legal Environment Instructor: January 21, 2013 Abstract This paper is a brief analysis of the elements of a contract using a hypothetical of an employment contract. Elements of a Contract The issue of whether or not a contract may be enforceable where an employee is hired under a two-year employment contract with Fabulous Hotel and the term is up with a clause in the original
Words: 1103 - Pages: 5
