Business Law
I have been given a problem and have been asked to advise the person in the problem of who she has a contract with as there are two businesses involved in the situation.
Before I differentiate and advice Reena about who she has a contract with, I will become familiar with the main terms involved that will help me in the process of giving the appropriate advice.
Contract is an agreement between two or more capable parties in which an offer is made and accepted, and each party benefits. The agreement can be formal, informal, written, oral or just plain understood. Some of the contracts require to being in writing in order to be enforced.
An offer is a proposition put by one person (offeror) to another (offeree) with an indication that they are willing to be bound by its terms should the other person accept. The proposition can be made orally, in writing or by conduct, and made to a specific individual, group or the world at large. To be regarded as an offer it must be......
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Approximate Word Count: 2179
Approximate Pages: 9 (250 words per double-spaced page)
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