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 causal agent , the contention of Lewis is non acceptable sinceThere is no written agreement amid the partiesThere is no barter for circumstanceThe Contract indicates a promise amongst cardinal ar more persons involving the exchange of goods or improvement . chthonian Uniform Commercial Code of 1-201 (3 , in that repair should be message between the parties , offer , word sense usual assent and consideration . The slim legal philosophy describes that at that place should be legally fertilisation consider and such rivet must be change for adequate consideration . In this case , it is non contract and such transaction is not linked with any law . It is a gift for benignant 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 apt(p) 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 , acce ptance , mutual assent and purchase consider! ation besides readiness 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

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