Bigtown's Executive Summary Salt Lake city Scandal

Executive SummaryThis report analyses the city of Bigtown?s mayor?s humor of auctioning off Bigtown as an advertising campaign, with the case study of the backside Leonard vs. Pepsi case.

Four Elements of a Valid ContractThere are four basic elements of a ratified contract that make enforceable, which are rule-governed object, contractual readiness, consideration, and agreement. According to the In Collins Dictionary of Economics, ?a contract is a legally enforceable agreement betwixt two or more the great unwashed or firms broadly speaking relating to a transaction for the purchase or sale of goods and serve (Lowe, 2006). The agreement portion of a legal contract states that at that place must be an understanding between both the offerer and offeree to enter into a bargain. This entails an offer to be made from the offerer and an acceptance of the offer from the offeree. The consideration is a very strategic element of a legal contract. A consideration may demand a benefit to the offeror or a possible loss to the offeree. A consideration may sustain some profit, benefit or rights that add to one fellowship and are taken away form the other. Contractual capacity is the lowest possible mental capacity necessary to go into a valid contract that is enforceable legally.



The law recognizes that the in that location is three types of people who are not recognized to go through enough mental capacity to be held legally to their contracts. These people are incompetent people, mentally impaired people and minors. The legal objective element of a legal contract has to have a legal nominate. Any contract that has a purpose for which illegal intent is to take place is not regarded as a legal or enforceable contract (Texas tomorrow Fund, 2006).

Objective Theory of ContractsAccording to the author of Contemporary Business and Online employment Law (Cheeseman, 2006) ?the objective...

If you want to get a full essay, hunting lodge it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper