Can be no contract whatsoever hartman desjardins 2010

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can be no contract whatsoever (Hartman, Desjardins, 2010; August, Mayber, Bixby, 2009). 2. Contractual Capacity. All parties involved in the contract must be of minimum, legal age, meaning 18 years of age or older. They must also have a full and complete understanding of what the contract is all about and what the details that are outlined in it are. There can be no lying in what the contract says, and if one part does not understand what is written therein, there should be a party than can readily explain to them in terms that are understandable and relevant to them (Hartman, Desjardins, 2010; August, Mayber, Bixby, 2009). 3. Consideration. Generally speaking, this is more often than not money in exchange for goods or services, but there are also some other methods of consideration, especially in the area of business. These other methods of consideration are just as legitimate, and just as legal (Hartman, Desjardins, 2010; August, Mayber, Bixby, 2009). 4. Lawful object . If a contract proposes any activity that could be considered illegal or in violation of the laws, in anyway, that contract is considered non-binding or not legally valid. The object should never be illegal, immoral, or in opposition to public policy (Hartman, Desjardins, 2010; August, Mayber, Bixby, 2009). A contract cannot be forced unless the actions agreed upon are legal in the jurisdiction where the contract is made. (Godchild, Harring Milosevic, 2005.) Objective Theory When a third party such as jury, a judge, or a magistrate determines if there has been a contract formed, this is considered objective theory. Objective theory is how actions and words
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Running Head: PEPSI VS. JOHN DR LEONARD are understood to make a person believe that a contract is in existence, rather than to find that there is no contract (Net Industries, 2007).
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  • Spring '11
  • VARIOS
  • Business, john dr leonard

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