providing a uniform‚ but flexible set of rules governing commercial transactions” (Miller‚ 2014). One of the differences is in the contract’s offer‚ and when the contract becomes binding. Generally‚ a contract officially obligates both parties‚ once the offer has been accepted. In sales however‚ a contract can exist‚ even if the exact point in which the offer was accepted is undefined. Terms in a sales contract can differ as well from common law contracts. Pricing in sales may not be an exact‚ agreed
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Considering Elvis Abstract A contract is formed when the offerer promises to do or not to do something. Acceptance is the offeree agreeing to do what is requested in the offer. An offer may end in several ways‚ in particular‚ by the death of the offerer or offeree. In order for the agreement to be effective both parties to contract must give consideration‚ the offer must be serious‚ and clearly stated. The promise Elvis Presley made prior to Jo Laverne Alden prior to his death may be enforceable
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land B: talking about the proprietor C: this contains all of the charges adversly affecting the land Transfer of land It occurs by contract = must be a valid contract (capacity to enter into a contract‚ mutual assent = a valid offer and a valid acceptance‚ consideration)‚ in writing (an explicit written contract). Vendor (seller) -> vendee (buyer): the seller would have a lien. Until it’s entirely paid: two persons have proprietor rights to the land. The process: There used to be
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George Jetson‚ an employee of Spacely Construction Company‚ claims to have injured his back as a result of a fall while repairing the roof at of the 1313 Mockingbird Lane Apartments. He filed a lawsuit against Herman Munster‚ the owner of 1313 Mockingbird Lane Apartments‚ asking for damages of $1‚500‚000. George claims that the roof had rotten sections and that his fall could have been prevented if Mr. Munster had told Spacely Construction about the problem. Mr. Munster notified his insurance company
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A letter for canceling a contract is a formal declaration of your intent to end all business relations with another party that you have previously entered into an agreement or contract with. Below is the proper format and tone that should be used when writing a letter to cancel a contract or agreement. Business Network Members 1. M-Star Hotel 2. EverGreen Lawn Service 3. Maxtek 4. Fluor Enterprises Canceling a Contract Letter Advice When writting a Letter of Cancelation of Contract
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The parol evidence rule states that‚ if once the terms of an agreement between two parties is written down‚ the parties may not present any evidence in court that contradicts what is written in the agreement. The parol evidence can be thought of as the “four corners” rule. If an agreement exists‚ the court must look for evidence of the agreement terms by reading what is inside the “four corners” of the paper the agreement is printed on. Evidence that does not appear within the “four corners” of the
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fence along the boundary of their property. Adam thinks this is a terrible idea. Adam offers Julie $500 if she agrees not to build the fence. Julie takes the $500‚ and says she will not build the fence. Paul and Susie are chatting while Paul is playing with his new iPad. Susie is quite jealous‚ and offers to buy the iPad off Paul for $200. Paul laughs and says that the iPad is worth at least $500. Julie offers him $500 for the iPad‚ but Paul says he is not interested in selling it. Mark and his
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start-up company with Finley. She also had two extremely positive feedbacks from her previous employers that said “they would rehire her in a minute if she were still available.” The problems lie with her not being satisfied with the initial salary offer for this position. Salary was the only issue with Ms. Brannen other than that she was perfect
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loyal customer and is much valued being the company’s very first client. Frank Jackson‚ the chief buyer at Dawson’s was offered director’s post owing to the support provided by him during the initial phase of the company. However‚ Jackson refused the offer after considering the advice from his supervisor‚ Harry Thomas‚ who raised concerns about conflict of interest. Mid-way through Holmesafe Ltd.’s second year of operation‚ George Holmes‚ the founder of the company received a phone call from Jackson
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One weekend‚ he arrived an hour before opening at his first sale. There were several pieces of antique china. He immediately made an offer of $150.00 for the entire lot‚ knowing that a single plate would be worth that much in New York‚ if he could not sell it in his own shop. The older adult widow who was selling (to downsize for assisted living) took his offer‚ and he loaded the china. He was so pleased with that purchase that he went to no other sales that day. A month or so later‚ the china
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