Sullivann Foster Case 4.8.2
P.235
8.1
Yes, Rocky and Monica had a contract because when Monica entered the race she was inadvertently entering and accepting the contract put forth by Rocky. Due to the fact that the rules stated that the terms of the race can be altered at any given time, Monica cannot justify bring legal action against him for giving her less than the original prize amount.
8.2
In this situation Ball did not send Sullivan a definite purchase offer. He only asked further information about pricing. In addition, Sullivan did not forward Ball a sales offer just specific details on pricing.A legal mutual agreement was never formed for the selling of the land. Sullivan can use the fax as an offer to purchase in the event that Sullivan decides to sell the land to Ball for $60,000, but Ball can not hold Sullivan to any legal agreement.
P.263
9.1 When the contract was assimilated kalen was a minor as viewed by law , and worked in order to earn money to provide for himself. He is not legally liable for the remainder of payments due under the lease agreement. A minor, who enters a legal contract such as in this case to rent an apartment, …show more content…
According to the definition of Duress on page 262. (Business Law Today,2017), “Duress is the act of utilizing a threat in order to force a party to agree a contract”. The party that is forced into a contract , which in case Jerome can legally repeal the contract set forth by his nephew Philip. He used his Uncle's old age and his dependence to constrain his uncle emotional to sign the contract that would give Jerome a tract of land 30% under market value. This is action by Jerome showcases Undue influence where he exploited in his business relationship with his weak and elderly uncle to get his demands fulfilled. Which is morally and ethically
8.1
Yes, Rocky and Monica had a contract because when Monica entered the race she was inadvertently entering and accepting the contract put forth by Rocky. Due to the fact that the rules stated that the terms of the race can be altered at any given time, Monica cannot justify bring legal action against him for giving her less than the original prize amount.
8.2
In this situation Ball did not send Sullivan a definite purchase offer. He only asked further information about pricing. In addition, Sullivan did not forward Ball a sales offer just specific details on pricing.A legal mutual agreement was never formed for the selling of the land. Sullivan can use the fax as an offer to purchase in the event that Sullivan decides to sell the land to Ball for $60,000, but Ball can not hold Sullivan to any legal agreement.
P.263
9.1 When the contract was assimilated kalen was a minor as viewed by law , and worked in order to earn money to provide for himself. He is not legally liable for the remainder of payments due under the lease agreement. A minor, who enters a legal contract such as in this case to rent an apartment, …show more content…
According to the definition of Duress on page 262. (Business Law Today,2017), “Duress is the act of utilizing a threat in order to force a party to agree a contract”. The party that is forced into a contract , which in case Jerome can legally repeal the contract set forth by his nephew Philip. He used his Uncle's old age and his dependence to constrain his uncle emotional to sign the contract that would give Jerome a tract of land 30% under market value. This is action by Jerome showcases Undue influence where he exploited in his business relationship with his weak and elderly uncle to get his demands fulfilled. Which is morally and ethically