Laura owns an interior design business and is interested in leasing a state-of-the-art photocopy machine. Seb manufactures and leases photocopying machines designed for customers with special requirements. Laura asked Seb about the speed of the photocopy machines.
Before his memoirs can be submitted for publishing, he must first find a literary agent to represent him and his work. Unfortunately for Peter, he has led a very boring life and after contacting every literary agent in town, he can find no one to represent his work. Discouraged and desperate, Peter contacts Raymond and asks him to act as his agent for the autobiography, and for the other few manuscripts that he will produce after that.
Before sending the manuscript over to Raymond, Peter removes the parts that would likely offend Raymond and embarrass his sister. Receiving the manuscript, Raymond thinks that he knows just the man to get the manuscript into print.
After not being able to put it down, he decides on the spot to offer Peter a publishing contract. Now having the clarity of mind reserved for geniuses, Billy gets on his email and sends an email to Peter communicating that the Monday offer of a publishing contract is revoked.
After reading the initial email from Billy, and breakdancing delightedly for a short while thereafter, Peter signs the contract, attaches it with a reply message to Billy and presses send.
Confused and agitated by this occurrence, he calls Billy and forcefully tells him that they have a legal agreement because he signed and returned the contract prior to receiving the revocation email.
Question a 10 marks Using the four-step process, discuss the element of agreement required for the formation of an enforceable contract. Question b 10 Marks Assume that a legally binding agreement exists between Peter and Raymond.
Using the four-step process, consider whether the other elements required for an enforceable contract are present. Can Raymond enforce the contract against Peter? May 06 Step 1: Laura made a lease agreement with Seb about hiring the photocopy machine for 5 years and they made a valid contract by signing the lease schwenkreis.comr before signing the lease agreement Laura asked about few questions which she wanted to .
Business Law Agree Term Four Step Process. PART A – Four Step Process (20 marks) Question (a) 10 marks The legal issue in question was the elements of agreement that are required for the formation of a legal contract. The elements of an agreement that are required for the formation of a legal contract is that it should consist of both offer and acceptance.
Four step process in Business Law Assignment - Identify the legal issue 1 answer below» Business law four step process assignment (Solved) that they came to when he agreed to be Peter’s literary agent.
Question (b) 10 Marks Assume that a legally binding agreement exists between Peter and Raymond. Using the four-step process. Question 1 Step 1: The area of law is the element of agreement of required for the formation of a legally enforceable contract. Step 2: Agreement requires meeting of the consensus where both parties comprehend what the essential terms of the contract are.
The general procedure of reaching contract can always be effectively explained as involving an offer and an acceptance (All Business, )%(6). Back in the old days, there were few written business contracts, and many business and personal deals were done with a handshake. If a problem arose, the two parties could take the issue to court, and a judge would hear the case even if the contract was not put into writing.
Four Step Process Law, Essay PART A – Four Step Process (20 marks) Question (a) 10 marks The legal issue in question was the elements of agreement that are required for the formation of a legal contract.