Business Law

business law Business Law BA 434 SE Midterm Exam 2001 Spring Term Question incomparable: Jims promise is not enforceable under the look at law. A contract consists of 3 elements: 1) endure, 2) acceptance, and 3) consideration. The offer mustinessiness be definate. It must have 1) subject, 2) price, 3) offeree, 4) quantity, and 5) time for performance and it must be communicated to the offeree. Applying the elements of a contract to the facts before us, the contract began when Jim offered Pam a place to live. He basically express that all she needed to do was to slam and see him. By accepting Jims offer, Pam traveled to see Jim, mumble olibanum completing the contract. However, Pam assumes that in Jims consideration, he will give in for her incurred expenses as long as she visits him. Jim is not bound to the contract because the offer was not definate. Yes, Jim offered Pam, the offeree, a place to stay, however, he did not stated when the act could be perfor med nor did he state just now what "providing a ...If you want to get a full essay, disposition it on our website: OrderEssay.net

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