U.S. Law - Essay Example

Only on StudentShare

Extract of sample
U.S. Law

In business agreements, it is generally presumed by courts that there is an intention to create legal relations unless the parties insert a clause that their agreement shall not be binding in law but shall be binding in honor only. A contract is an agreement between two or more persons which is intended to create legally binding obligations. The word 'binding' is used for there are some contract which are valid but are not enforceable contract, certain basic requirements must be present. There must be an agreement based upon genuine consent of parties, supported by consideration and unable for a lawful object between competent parties. (Hussain, 2002).An offer may be made to a specific person or to any member of a group of persons or to the world at large, but it can not form the basis of a contract until it has been accepted an ascertained person or group of persons.For this case, the owner of happy acres made an offer to sell his property on March 15th to an interesting buyer. He offered to sell his property for $200,000, closing to take place 18 days of acceptance, time being of essence. The offeror added that if the offeree sent him a non refundable $4000, the offer would remain open for 30 days from the date thereof. This meant that if the offeree paid a non-refundable $4000, the offer would remain open for 30 days.The owner of Happyacres was told by a business acquaintance that he thought that would pay up to $275,000 for Happyacres on March 25th and he changed his mind and wrote a letter on March 26th. ...
Download paper


In business agreements, it is generally presumed by courts that there is an intention to create legal relations unless the parties insert a clause that their agreement shall not be binding in law but shall be binding in honor only. …
Author : gisselle90

Related Essays

The Law and Justice between Canada and U.S.
In this paper, we shall conduct the comparative analysis of the law and justice between Canada and the US. Importance of Topic: The theme of this paper revolves around laws and jurisdiction in the US and Canada. Topic is related to the principles of American and Canadian system and social life in two different states. These laws regulate each aspect of citizens` life and allow them enjoy given rights within the country. Additionally, this topic significantly covers the similarities and differences between American and Canadian law and justice systems (Boyd). This topic highlights the role and…
7 pages (1757 words) Essay
Illinois v. Wardlow 528 U.S.119 (Case law)
They found a handgun from him and later o arrest him for further enquiry. When the case was presented in the Illinois Trial court, Wardlaw’s motion in that area was denied to suppress by the court and they also gave the judgment as the gun was found during a legal stop and search operation. But state Appellate Court reverse the decision stating that there was not enough evidence of doubt for Nolan to stop and search Wardlaw. Latter on Supreme Court stated the fact that sudden movement or flight in a high crime zone could not be a reason to suspect and stop-search an individual as the…
5 pages (1255 words) Research Paper
Criminal Law: Penal Law
The police file a document, in most jurisdictions known as a complaint, with a court in the appropriate jurisdiction. The interests of the state are represented by a prosecuting attorney, while the interests of the defendant are represented by his or her attorney. While the specific process varies according to the local law, in virtually every jurisdiction the process culminates with a trial, followed by appeals to higher courts (Frey, H. & Wellman, 75).…
8 pages (2008 words) Essay
Power Play: The U.S. Case
was home to small Spanish and French colonies. Not until the late 16th and early 17th centuries - when England's monarchs and businessmen with mercantilist intentions sent adventurers - did colonisation begin with the first settlement at Jamestown in 1607 (Loewen, 2005, p. 48-49).…
6 pages (1506 words) Essay
Explain the law as it relates to torts, the U.S. Constitution, intellectual property, and crime affect business.
In particular, this paper will address the issue about the trade-off between entertainment venues that enable the owners to profit and benefit from their work.…
3 pages (753 words) Essay
Essay Where Does U.S. Law Come From?
Roman laws existed as written codes, which recognized basic rights of every individual. The great Roman ruler Napoleon developed the Napoleonic codes in 1804 and, they influenced the creation of the English common laws (Reinsch, 2006). Moreover, the Napoleonic codes formed a basis for all laws developed in Louisiana. Unlike Napoleonic codes and Roman laws, judges in law courts make English common laws. Similarly, most of the US laws are created from court decisions. The process is governed by the principle of decisis, which involves application of laws made by superior courts in inferior…
1 pages (251 words) Essay
Intellectual Property Law in the U.S.
According to the case scenario, Jossup Enterprises created a unique security protection program, which is programmed to check the integrity of downloaded files in a designated system. This company also plans to license the security program to its clients at a fee on a regular basis to each user. Therefore, in order for the company to avoid some of the common legal issues associated with intellectual property law, they should construct licensing contracts. These licensing contracts will substantially help the company in generating greater innovations. The licensing of contracts will also lead…
1 pages (251 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!