class, Greetings Wed, you are to do a paper that reflects on the transaction you have chosen to study. You did the paper on the categories. Now, look at your transaction thru the lense of what it takes to make a Legally Enforceable Contract. So far, we have discussed Agreement and Consideration. Define who the parties are; who in your transaction is the offeror and who is the offeree?
There are multiple parties involved with the transactions of Boundary Bay. I will focus on the customer-business aspects. Boundary Bay offers goods (food and drink) to the customer. The customer is the offeree in this situation. They are offered food and drink, along with the service of preparation and transportation of food/ beverage. The customer then either accepts or rejects this offer (by not ordering). If they reject the offer, then there is no contract. However, if the customer accepts these offerings, thus becoming the acceptor, then there is a contract. Boundary Bay promises to provide their goods to the customer, the given customer pays them money. This is a unilateral contract, because the customer is given food/ drink (an act) only if they promise to pay money for the act. It is an expressed act. Ordering food/ drink at a restaurant, where the prices are prominently displayed on the menu, give the implication that you will pay. A voidable contract can be established at Boundary Bay. For instance, a customer could come in and order a beer and dinner. The waiter could accept the order, thus forming a contract (Offer + Acceptance =
Discuss the 3 requirements that make an offer a valid offer and discuss how the offeree is accepting this offer in order to form a valid acceptance. Discuss the "quid pro quo." A promise is either seeking for another promise or it is seeking an act. If it is a promise that the offeror is seeking, it is either seeking someone to do something they don't have to do or they are asking someone NOT to do something they could do. Discuss what they are really seeking.