Order 288363 Case Study final.docx

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Running head: CASE 1 Case Study Name Course Date
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CASE 2 The existence of a valid contract The agreement, legal object, contractual capacity and consideration are the four elements of a contract. Agreement exists if there is an offeror by one of the parties and offered by the other party accepting the outlined terms. Consideration would exist if what the offeree would receive has been outlined after accomplishing the obligation. Contractual capacity will exist if there is a legal binding between the contracting parties. The existence of a legal subject matter would define the legal object of the contract ( Nelken, 2013). Apart from the outlined elements of a contract, there could be some other reasons that could make it impossible for the contract to be valid. Such reasons might include when the contract is requiring the parties to undertake unreasonable acts like a fraud ( Nelken, 2013). Different elements must be accomplished to ascertain the validity of the contract between Sam and the chain store. Even though Sam made an offer of shipping product to the chain store, as the offerree, there was no outlining of the terms. The product was the consideration to the chain store, but there was no outlining of the consideration to Sam. Also, neither the legal object nor contractual capacity is highlighted in the case study. Certain possible challenges to the contract could include Sam being a minor,
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  • Spring '17
  • Law, landlord, Leasehold estate

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