The four elements to a valid contract are

The four elements to a valid contract are - And there is no...

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The four elements to a valid contract are. You must have a mutual agreement were two or more people agree to the terms and conditions. You must have consideration were each party of the contract gives up something of value. You also must have the capacity to understand the contract. Meaning you must be of age you cannot be intoxicated or mentally unstable. Last the object of the contract must be legal. The theory of contract to this case is that the jet was put in there to attract people to the commercial. The jet was put in there to be humorous. For example you’re looking at a commercial and you get up to get something to drink but out the corner of your eye you see something funny such as a jet stripping someone down to their underwear then you sit down and watch the commercial. It’s meant to be funny and it’s not in the catalog.
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Unformatted text preview: And there is no binding contract. The court held that there was no agreement because. It was just a commercial that had no contract agreements and the person also had a catalog that had the prizes he could win but in the catalog there was no jet. The Harrier jet in the Pepsi commercial is fanciful and is included to create a funny and entertaining ad. Also there was no valid agreement do to the four elements of a contract not being present. Contracts are not generally considered offers unless they are aimed at specific people or groups or if they have a price and location. They are considered invitation to offers but not likely offers. This case differs from a reward situation because there was no agreements do to the jet not being in the Pepsi catalog so there was no binding agreement. The jet just meant to be funny and get attention....
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The four elements to a valid contract are - And there is no...

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