Bus.law ch.9 - CHAPTER9 NATURE OF TRADITIONAL AND...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
1 NATURE OF TRADITIONAL AND E-CONTRACTS  CHAPTER 9
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 A A contract contract is an is an agreement that is agreement that is enforced by a court enforced by a court of law or equity. of law or equity.
Background image of page 2
3 Introduction Basis of many daily activities. Means for individuals and businesses to sell and otherwise transfer property, services, and other rights. Without enforceable contracts, __________collapse __________collapse would collapse.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Introduction (continued) Contracts are voluntarily voluntarily entered into by parties. Terms of the contract become private private law between the parties.
Background image of page 4
5 Legally Enforceable Contract If one party fails to perform as promised, the other party can sue to enforce the contract and recover damages damages.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6 Parties to a Contract Every contract involves at least two partys partys. Offeror – the party who makes an offer to enter into a contract. offeree offeree the party to whom an offer is made.
Background image of page 6
Parties to a Contract Offeror Offeror Offeree Offeree Offer Offer Acceptance Acceptance Offeror makes an Offeror makes an offer to the offeree. offer to the offeree.
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 23

Bus.law ch.9 - CHAPTER9 NATURE OF TRADITIONAL AND...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online