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B law
Date Submitted: 07/20/2004 17:04:25
Category: / Business & Economy
Length: 8 pages (2079 words)
Views: 151512
Question 1: a) This problem question contains various issues that need to be explored. However, the two major issues that need to be argued are whether or not a contract exists between the parties and if the reasonable notice has been given. For the first issue, to be legally classified as a valid simple contract, there are three essential elements: Elements of contract: (1). Agreement in the form of an offer and acceptance (2). Intention to create legal …
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…influence much about the decision Michelle has made, they are not terms of their contract. So he doesn't need to pay her back. References: 1.<Tab/>Latimer, P,. Australian Business Law, CCH Australia Ltd (Latest Edition) 2.<Tab/>Sweeney, B. & O'Reilly, J., Law in Commerce, Butterworths, Sydney, 2004 (second edition). 3.<Tab/>http://dictionary.law.com/default2.asp?selected=337&bold=consideration|l (06/09/2004: 9;37pm)
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