Business law case study questions and answers

Business law case study questions and answers

Marin has used. Law: For any agreement to be legally binding the parties must have the intention to create a legal relationship. So there is a contract. Select the best definition of ethics: a. Yordy, The W. But the Law presumes that the domestic or social agreements do not have this intent to legal bind it. Sam gave an offer to Betty to pay all the past due taxes and to make all the future mortgage payments due in Blackacre and he would give Betty the deed of Blackacre. This essay will discuss the Case study by firstly identifying four elements of contract, then justifying duties of Mr. Hold that the old contract is not over, due to the other aspect of reason, Mr. Last but not least, the common law make contract more freedom, which means there are few regulations to restrict contracts. You should click the Save Answers button in the exam frequently. In conclusion, case study has been discussed by applying the related law knowledge in terms of consideration of contract particularly. She called station and told then she had caught Big Bertha with hook and line.

In this particular case we can also see consideration which is another pre requisite to form a contract. Martin have difficulties in his financial situation or not, there is still no consideration for Bob the builder, although Mr.

business law case study offer and acceptance

Another right of agent is to claim indemnity if there is any expenses incurred when agent conduct the authority, no matter the agent is gratuitous or not. Specifically, the defendants get the right of lease whilst the claimants obtained a number of profits. When Margaret retired at the end ofshe decided that she would give the unsold stock to charity and they could auction it and keep the proceeds.

Last but not least, the common law make contract more freedom, which means there are few regulations to restrict contracts.

Business law case studies with answers pdf

Answer ALL the sub-questions. The court finally hold that the captain is not duty to pay the extra money because the old contract is existed as there is not of additional value. Offer and acceptance of the offer must be for some consideration. So we need to know the acceptance status of that offer. But the Law presumes that the domestic or social agreements do not have this intent to legal bind it. In this particular case we can also see consideration which is another pre requisite to form a contract. There are three pages to your final, and each page begins with a story. So communication is made clearly. Law: For any agreement to be legally binding the parties must have the intention to create a legal relationship. But the situation will be different when parties express their clear intention of making the contract legally binding enter into the contract. Such as, in Hoeing v Issac and Bolton v Mahadeva, where the court ordered the defendants to pay the amount for their substantial performance. In conclusion, case study has been discussed by applying the related law knowledge in terms of consideration of contract particularly. Basically there are two issues involved in it, first whether Emily can confirm the agreement between them as a contract after attaining majority? There is a little overlap.

Generally payment must not be due until the agent have fulfilled the expected result of principal, otherwise, payment can not be used among any certain process on the relationship. Advise Emily. If Sam fails to fulfill his promise, then Betty has a strong reason to file a case against Sam.

Select the best definition of ethics: a.

indian business law case studies
Rated 6/10 based on 42 review
Download
business law case studies with solution