Preview

Business Law Term Paper Rent a Car Contract

Powerful Essays
Open Document
Open Document
6382 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Law Term Paper Rent a Car Contract
Term Paper

Rent-a-Car Contract

ADM 3360A

Andrew Sarofeim

4856542

December 7, 2010

Introduction

With the ability to fly anywhere around the world at a relatively affordable price, many Canadians are finding themselves taking trips to visit family, friends, or complete strangers more often than ever before. However, the ability to travel in a given destination of choice will require the ability to drive a car. This has created a large demand for cars that can be rented, hence the large amount of rent-a-car locations being created all around the world. In order to rent a car in a given travel destination, consumers must abide by a very strict contract that consumers must agree to.

However, if the consumer does not fully understand the contract and signs in blindly, the consumer holds a very high risk of paying a lot more then the advertised price of a specific vehicle. A consumer who has the mentality of treating the rented car like his or her own car will be severely punished because the contract for renting a car explicitly states how the car can or cannot be used. For example, the Enterprise rent-a-car contract states that “Vehicle shall not be driven on an unpaved road or off-road”[1] A consumer who signs the rent a car agreement without reading the contract may drive it off-road and end up paying a large penalty fee for doing so as a result of negligence. It is up to the consumer to fully read and understand the rent-a-car agreement to avoid any easily avoidable charges that may arise as a result of operating the vehicle.

This paper will discuss the contract between the consumer and the rent-a-car business. More specifically, it will focus on the Enterprise Rent-a-Car contract that consumers must sign in order to rent a car. Step-by-step, the paper will describe all the clauses of the contract with an explanation to each clause, applying legal principles to the agreement, recommendations for what

You May Also Find These Documents Helpful

  • Good Essays

    Since there were multiple opening, target, and resistance points throughout this negotiation, I feel it is best to organize this part of the assignment into bullet points.…

    • 519 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    In a typical person’s lifetime they will encounter many situations where they will enter into a contract with someone else. There are many different types of contracts that we may enter into, some knowingly and even some unconsciously. Buying a car with financing is a type of loan, entering into a new work place, and even getting a haircut is a type of contract.…

    • 552 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    With any safe loan, the chance of losing the property you place up as collateral is there. If you fail to pay the loan, the provider has the right to have your car. They are going to sell it to make their cash. But if the transaction is lower than what you currently owe, you might be on the hook for the change. Also to make things even worse, if they put it up for sale and make above your debt, they always keep that as well. The great thing about the quick cash will make you make a quick decision. Other drawback is that you need to carefully check around when contemplating an auto title loan. This is because the terms and conditions, interest, and charges may vary from provider to provider. It is better for you as a client to make sure you get the best package.…

    • 654 Words
    • 3 Pages
    Good Essays
  • Good Essays

    What do you think of when you hear “Enterprise Rent-A-Car”? Do you think of “We’ll pick you up”—the catchphrase that reflects the company’s willingness to come to your door when your car’s in the shop or you’re ready to take a trip? You probably don’t think “largest rental car company in the United States” or “hires more college grads than any other company.” Both of those descriptions are true, however. The company started in St. Louis when Jack Taylor opened a tiny auto-leasing business and named it after the aircraft carrier on which he’d served. When the company transitioned to car rentals, it retained its downtown locations, focusing on leisure rentals and auto insurer referrals rather than the airport business travelers. This unique business model allowed it to grow beyond the notice of competitors like Hertz, which paid little attention to Enterprise until it began advertising nationally in 1989 with images of that car wrapped in brown paper, on its way to a customer pick up.…

    • 868 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Leasing vs Purchasing

    • 5534 Words
    • 23 Pages

    The company needs to upgrade its computer equipment. There are two upgrade paths to consider. In this proposal, we demonstrate how equipment leases take advantage of the benefits of reduced depreciation and taxation, easy scalability, reduction of IT staff usage, reduced energy costs, and reduction of capital spending. The company can free up money overall and maintain better control of the IT budget by leasing. The cost of equipment is spread out over a 3-year period by leasing. There are no disposal fees because the leasing company will be responsible for the equipment leased. By replacing the current sever setup ( the company has over a dozen machines running 24 hours every day), with new leased IBM compact server, we will cut power costs by up to 50%.…

    • 5534 Words
    • 23 Pages
    Powerful Essays
  • Better Essays

    Wise Car Buying Process

    • 1138 Words
    • 5 Pages

    Buying a car is one of the most important decisions a consumer will make. Consumers will often feel overwhelmed when going through the car buying process. Being educated on the process is arguably the most important factor of getting the biggest bang for your buck. Car salesman are not looking out for the consumer. Their only objective is make the most money off you as possible. When car buying the consumer needs to remember three wise tips. Be educated on the haggling process, know which buying process is the best for you, and determine if there is an actual need to purchase the car.…

    • 1138 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Strategic Mgmt

    • 821 Words
    • 4 Pages

    Goldman, Susan. "The North American Carsharing Industry Zipcar, Inc. and 3 Major Competitors." (2008): n. pag. Web.…

    • 821 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The case talks about Olympic Rent-A-Car the 4th biggest car rentals company, having 7% market share in USA. It has a very reactive type of strategy in terms of always following Hertz in pricing slightly lower than it and placing operations around it as well. The company had a flagship loyalty program called Medalist Rewards program which was also inspired by other competitors in the industry. The program was managed as a cost center and was allocated fixed percentage of budget calculated in terms of sales as the previous year.…

    • 473 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Buying a New Car

    • 788 Words
    • 2 Pages

    A car purchase is a large investment of time and money, and therefore, should not be taken lightly. By…

    • 788 Words
    • 2 Pages
    Better Essays
  • Powerful Essays

    To Buy or Lease a Vehicle

    • 1886 Words
    • 8 Pages

    There are two basic kinds of leases; With a closed-end lease, at the end of the lease term you simply return the vehicle; you do not owe any additional money unless the car or truck shows more-than-normal wear and tear, has been damaged, or has been driven more miles than are specified in the lease. An open-end lease generally offers lower monthly payments, but includes a specific value that the vehicle will be…

    • 1886 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Principles of Taxation Law

    • 2187 Words
    • 9 Pages

    Provision of car for an employee’s private use, including payment of all fuel costs by the…

    • 2187 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Buy or Lease a Car

    • 632 Words
    • 3 Pages

    Cars, trucks, vans, SUV's… almost everyone will own or lease one in their lifetime. The biggest problem is the decision whether to buy or lease the automobile. Many people are faced with this question. Buying and leasing a car both have many positive and negative attributes. The beauty of it is that it is your choice!…

    • 632 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    enry Beyer walked up to a Mini Cooper in the city parking lot across the…

    • 4050 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Uber And Lyft Case Study

    • 1240 Words
    • 5 Pages

    Motor Vehicle Dealer’s act, during the contract the dealers have to tell the buyers, for what purpose the car has been used, such as, taxi, police or emergency vehicle, limousine or as the daily rental.…

    • 1240 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Desarrollo de Servicios

    • 780 Words
    • 4 Pages

    DESARROLLO DE ESTRATEGIA DE NEGOCIOS. ESTRATEGIA DE DESARROLLO DEL NUEVO SERVICIO. GENERACIÓN DE IDEAS. PLANIFICACIÓN TAMIZADO DE IDEAS. DESARROLLO Y EVALUACIÓN DEL CONCEPTO. TEST DE CONCEPTO. ANÁLISIS DEL NEGOCIO. TEST DE RENTABILIDAD Y VIABILIDAD. TEST DEL…

    • 780 Words
    • 4 Pages
    Powerful Essays