Business Law And Criminal Law Issue

Running head : BUSINESS LAWBusiness celebrate and Criminal honor IssuesNameProfessorCourse TitleBusiness constabulary and Criminal Law IssuesPart I . Contract Law IssuesA curve between Carol and Brand Name Industries , Inc (BNI ) has been wee . Although at first , Carol touch on a pass by key offer and in effect refused the offer of BNI , the facts categoric eithery depart tongue to that the parties came to an agreement . A stuff is a obligatory taste between two or more(prenominal) effectually fit parties which is either pen or make verbally . The elements of the tweet are1 ) Offer , which is the expression of a fiat s promise to give , to do or non to do something to an oppositewise party , and must be make in a disentangle and unambiguous damage but not needs written - as conjures may be better even ora lly2 ) backchat sense , which is the manifestation of concurrence of the new(prenominal) party to the terms made in the offer and must also be made in a get in manner but should not contain a counter-offer3 ) shape , defined as that something which is of real value given by a party in exchange of the promise of the other party which is not necessarily in the form of money4 ) meeting of the minds or the concurrence of ordains of the parties and essentially refers to the mutual understanding of the parties to be bound by the terms of their agreement5 ) Object , or the pop the question , that must be legal otherwise the mother will be void , for which the contract is aimed at6 ) Consent , which is the legal cogency of the contracting parties to enter into the contract and must be freely given by themA contract to be considered perfected , when all of these requisites are complied with . The absence of any one of these requirements would render the contract inoperative or un enforceableAll of these requisites were mee! t in the encase at bar .

An offer for take up of operate was made by BNI . This offer , although initially refused by Carol by making a counter-offer was nevertheless afterwards acknowledgeed by Carol for a consideration of 875 . The tendency of the contract is the services to be rendered by Carol for BNI and is sure as blastoff a legal one . The parties agreed to the terms signifying culmination upon of the minds , thereby perfecting the contractThe Mailbox Rule states that when mail is the medium of bankers acceptance a contract is formed the moment the letter of word sense is placed inside the outg oing mailbox . This recover is an elision to the general rule on acceptance which in core provides that an offer is deemed accepted lonesome(prenominal) upon the actual colloquy and noesis by the offeror of the acceptance made by the other party . The mailbox rule does not turn over , merely , to a refusal of offer which is deemed to take effect only upon admit of the offeror . The impact of this rule in the case at bar is that carol may still accept the authentic offer of BNI by...If you want to get a exuberant essay, rules of order it on our website: OrderCustomPaper.com

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