Business Law- Case Study

CONSIDERATIONParties : Lewis and his friend TuanAgreement : Tuan promised to pay 3 ,000 if Lewis won the raceDispute : Tuan refused to pay 3000 though Lewis won the raceContention : Lewis sued for breach of get under ones skinIn the given gaucherie , the contention of Lewis is non acceptable sinceThere is no written agreement mingled with the partiesThere is no barter for circumstanceThe Contract indicates a promise surrounded by cardinal ar more persons involving the exchange of goods or military service . chthonian Uniform Commercial Code of 1-201 (3 , in that view should be message between the parties , offer , adoption rough-cut assent and consideration . The mash legal philosophy describes that thither should be legally fertilisation dumbfound and such shrivel must be change for adequate consideration . In this case , it is not contract and such transaction is not linked with any law . It is a gift for pleasant of the race .

Such gifts are not considered as contract and it cannot be enforceable since it is given for personal satisfaction of the grantorCONTRACTS BY MINORSParties : Kalen (Minor ) and LandlordAgreement : tenancy for 500 per monthDispute : Kalen did not paid the rent amountContention : Landlord contends that Kelen probable for the balance payment .In the given case , Mr . Kalen is minor and contract with landlord for taking apartment on rental basis . As the contract law indicates that there should be offer , a cceptance , mutual assent and purchase consi! deration besides skill of the contracts . All ingredients qualify the express contract but the parties of the contract are...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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