Rights and Obligations

Rights and Obligations Larry E. Williams AIU Online September 5, 2012 Abstract The purpose of this paper is to question the rights and obligations of individuals lead in to hugual placement. This paper go out define the quad elements of the reasonable contract and this paper leave behind define the neutral contingent action of contracts. In addition, this paper go out dispute how fair game theory of contracts applies to this mooring in particular. Also, this paper will cover the decision rendered by the court pertaining to this case and this paper will discuss advertizements as they pertain to offers. Rights and Obligations In this paper we will discuss contr true(a) obligations of both parties that enter into a compose or a verbal agreement with each other. We will discuss what is considered a contract and what is considered an advertisement. This paper will discuss the four elements that take shape up a sound contract and what is an objective theory of contracts. We will also discuss in this paper objective theory of contracts applies to this case. This case is an actual case that occurred in 1999 when a Seattle man sued a ticklish drink company in Seattle, Washington over its advertisement of awarding a commons plane as surprise in a contest.

tetrad Elements of a Valid urge The question that we need to examine and take is; what constitutes a reasoned contract? In prepare for a contract to be valid it moldiness contain four elements. These elements be; at least twain separate parties entering into an agreement: this agreement tin stick out be betwe en two individuals, it can be between two co! mpanies or it can be between an individual and a company (Maughan, n.d.). The parties must be restricted to enter into an agreement and must be qualified to agree to the terms and conditions of the contract: individuals must be of good age and they must be able to envision what is in the contract and what the contract is about (Maughan, n.d.). Both parties are receiving consideration, or value, from the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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