close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Examples of Business Law

downloadDownload printPrint

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

Examples of Business Law essay
Download PDF

A contract is a agreement of rights and obligation prepared between 2 or more parties that are accepted and enforceable by law. There are 4 vital action needed for the formation of the contract that includes offer, acceptance, intention to create legal relation and consideration.

An offer is a promise between the parties that is willing to accept the terms and condition that is stated in the contract. An agreement is made when the offeree accepts the offer from the offeror. An offer can be done by conduct, in writing or orally. A contract has to be formed to be legally bound to their obligation. Any party whom breach the contract is liable to be sued. An offer can be made to a specific individual, a group of people or to the world.

Acceptance of an offer is the expression of approval to the terms and conditions of the contract from the offeror. The acceptance must be an unconditional and unqualified assent of the offer, otherwise it amounts to a counter-offer. Acceptance of the offer can be made by conduct, in writing or orally. According to general rule, acceptance is communicated when the offeror actually receives the contract.

Intention to create legal relations means that parties of the agreement must intend their agreement to be legally binding. If one of the party breach the contract, the party is liable to be sued in the court. It is important for the parties to obey to the terms in the contract and act as an insurance for both the offeror and offeree.

Consideration is something given, promised or done by a party in exchange for a promise by the other party. Each party should provide something of value to convince the other party to enter the agreement. Promise of one party does not need to be equal in value to the other party’s promise. To enable a recipient of the promise to oblige the promise, he must show that he has given consideration. If such intention is not found, the agreement is not bind.

The advertisement posted on the online site, Cancellable by henry is merely considered as an invitation to treat. Henry is not the manufacturer of the phone. If the advertisement is created by the manufacturer, it may be considered as on offer. The offer is made by the buyer online. The agreement is formed when henry accepts the offer from the customer. This is proven by the case partridge v Crittenden (1968) whereby an online advertisement is merely an invitation to treat, not an offer. Contract will be established if henry accepted the offer. A contract made electronically is legally valid and enforceable.

The advertisement states that “smartphone will be sold to the first buyer who offer me $388” is a statement of price not an offer. It is an invitation to treat, supported by the case study Harvey v. Facey (1893) that it is just to convey information about the price of the phone, not an offer because there is no contract. Henry can choose whether he want to sell and who to sell the phone because he is not legally bound to sell to any particular party.

It is reasonable for henry to sell the phone to whoever that offers the highest price for the phone. Henry does not need to sell the phone to Jason even though he wants to buy it at $368 because he has not accepted the offer. Therefore, henry is not bound to sell the phone to Jason. This is supported by the case study Spencer v. Harding (1870) whereby a contract will made known when the offer is accepted by the offeree.

infoRemember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism-free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Examples of Business Law. (2019, February 11). GradesFixer. Retrieved September 22, 2021, from https://gradesfixer.com/free-essay-examples/examples-of-business-law/
“Examples of Business Law.” GradesFixer, 11 Feb. 2019, gradesfixer.com/free-essay-examples/examples-of-business-law/
Examples of Business Law. [online]. Available at: <https://gradesfixer.com/free-essay-examples/examples-of-business-law/> [Accessed 22 Sept. 2021].
Examples of Business Law [Internet]. GradesFixer. 2019 Feb 11 [cited 2021 Sept 22]. Available from: https://gradesfixer.com/free-essay-examples/examples-of-business-law/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! This essay is not unique. You can get a 100% Plagiarism-FREE one in 30 sec

    Receive a 100% plagiarism-free essay on your email just for $4.99
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer
    exit-popup-close

    Haven't found the right essay?

    Get an expert to write you the one you need!

    exit-popup-print

    Professional writers and researchers

    exit-popup-quotes

    Sources and citation are provided

    exit-popup-clock

    3 hour delivery

    exit-popup-persone