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Introduction to Business Law examples - Essay Example

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Introduction to Business Law examples

These included details like the apartment description, payment terms, lease period as well as certain restriction or "house rules" which both parties had to follow. Fourth, both parties have the capacity to enter into a contract given that are both past the age of majority, which in most states in the US is set at 18 years old (Emerson, 2003). Lastly, the said contract was valid because it was in accordance with public policy (Miller & Jentz, 2004), i.e. we ensured that no law was violated in relation with our agreement.
2. Write a short contract to provide service to someone. You may request for monetary reimbursement or something else of equal value from the other party. Make certain that your work satisfies the basic requirements of a legal contract.
That Mr / Ms (Your name) binds himself to provide lawn mowing services to Mr / Ms (Your neighbor's name) every Saturday at 8 a.m. at the latter's residence located at (Your neighbor's address) in consideration of the monthly service fee amounting to two hundred dollars ($200.00);
3. You invite a painter over to your home to discuss some painting that needs to be done. You discuss what needs to be painted, the desired color scheme, and the final price. Nothing is written down. You agree on the terms and the painter then performs the work, for which you pay him. Have you entered into a contract If so, what type
Given that both parties ha ...Show more

Summary

Once I have entered into a contract for the lease of an apartment. The said contract was deemed valid because it contained all the requisites for contract validity and enforceability. First, there is the mutual consent between the building owner and me, being the lessor and lessee, respectively…
Author : gottliebannabel
Introduction to Business Law examples essay example
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