Business Law And Criminal Law Issue

Running head : BUSINESS LAWBusiness honor and Criminal honor IssuesNameProfessorCourse TitleBusiness Law and Criminal Law IssuesPart I . Contract Law IssuesA curve between Carol and Brand Name Industries , Inc (BNI ) has been create . Although at first , Carol make a return key offer and in effect refused the offer of BNI , the facts categorically depart tongue to that the parties came to an agreement . A stuff is a obligatory taste between two or more effectually fit parties which is either pen or make verbally . The elements of the tweet are1 ) Offer , which is the expression of a society s promise to give , to do or not to do something to an otherwise party , and must be made in a disentangle and unambiguous damage but not needs written - as conjures may be perfected even orally2 ) word sense , which is the manifestation of concurrence of the other party to the terms made in the offer and must also be made in a clear manner but should not contain a counter-offer3 ) Consideration , defined as that something which is of real value given by a party in exchange of the promise of the other party which is not necessarily in the form of money4 ) Meeting of the minds or the concurrence of wills of the parties and essentially refers to the mutual understanding of the parties to be bound by the terms of their agreement5 ) Object , or the purpose , that must be legal otherwise the contract will be void , for which the contract is aimed at6 ) Consent , which is the legal capacity of the contracting parties to enter into the contract and must be freely given by themA contract to be considered perfected , when all of these requisites are complied with . The absence of any one of these requirements would render the contract inoperative or unenforceableAll of these requisites were meet in the case at bar .

An offer for take up of services was made by BNI . This offer , although initially refused by Carol by making a counter-offer was nevertheless afterwards accepted by Carol for a consideration of 875 . The tendency of the contract is the services to be rendered by Carol for BNI and is sure as shooting a legal one . The parties agreed to the terms signifying coming upon of the minds , thereby perfecting the contractThe Mailbox Rule states that when mail is the medium of acceptation a contract is formed the moment the letter of word sense is placed inside the outgoing mailbox . This rule is an elision to the general rule on acceptance which in core provides that an offer is deemed accepted only upon the actual communication and noesis by the offeror of the acceptance made by the other party . The mailbox rule does not apply , merely , to a refusal of offer which is deemed to take effect only upon admit of the offeror . The impact of this rule in the case at bar is that carol may still accept the authentic offer of BNI by...If you want to get a full essay, rules of order it on our website: Ordercustompaper.com

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