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Essay
Sources of law
Law of contract-Offer and acceptance revocation
Law of tort
Negligence
Business organization direct duties
Court system
Alternatives dispute resolution options
- Arbitration independent both party agree bound by decision
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Law of contract
Offer and acceptance
Offer vs invitation to treat
Offer statement of terms in which something is bound
Termination of offers
Refusal cease to exist
Counter offer (change original offer)
Lapse of time
Death of offerer
Revocation- offer can be withdrawn at anytime before it is
accepted(must be communicated)
Acceptance- as a final an unqualified attempt into the offer
Mirror image
Firm (final, unequivocal)
Communicated
Offerer and oferee two parties interating, contracted may be made for
3rd party, previty of contract
3rd party who is not party to contract has no knowledge of contract and
privity of contract.
iT provides for 3rd party
discharge of contracts (motes)
-performance (parties would discharge all obligations under contract)
-Agreement(parties can agree not to go through with contract, where
neither party goes through with requirement)
-frustration (basically occurs when formation and performance of the
obligations, events outside prevent performance of contract are
presented due to no fault of the contracting parties) fern and henry
Booking hotel room
breach of warrenty- contract would remain, but entitle to damage only
Agency by necessityAn emergency situation arises and one person acting to preserve
interest of another person.
There are some scenorios in which you can qualify this: