Contract can you please go into detail with for 400 words ormore thank you
Johnny, a neighbor who is not a merchant under the UniformCommercial Code, offers to buy a car from Mark for $30,000. Markasks Johnny for some time to think about it. Johnny says sure. Hewrites on a piece of paper that he will keep the offer open for twoweeks.
A week later Johnny sees another car he would rather buy. Hepurchases that, and then he tells Mark that he is revoking hisoffer.
Two days after that Mark said: âIâm sorry Johnny you made an offerin writing to buy my car. Iâm going to hold you to that.â
Johnny replied: âSorry I cannot do that. But I will promise to payyou $10,000 for the help you gave me last year around the house.âSomewhat mollified Mark accepts.
A week later and Johnny decided to renege on that promise aswell.
Fed up, Mark sued Johnny for breach of contract on both the promiseto buy the car and the promise for the $10,000.
Discuss whether the elements of a contract are satisfied in thiscase.
The requirements below must be met for your paper to beaccepted and graded:
Write between 500 â 750 words (approximately 2 â 3 pages) usingMicrosoft Word.
Attempt APA style, see example below.
Use font size 12 and 1â margins.
Include cover page and reference page.
At least 60% of your paper must be original content/writing.
No more than 40% of your content/information may come fromreferences.
Use at least two references from outside the course material,preferably from EBSCOhost. Text book, lectures, and other materialsin the course may be used, but are not counted toward the tworeference requirement.
Reference material (data, dates, graphs, quotes, paraphrasedwords, values, etc.) must be identified in the paper and listed ona reference page.Reference material (data, dates, graphs, quotes,paraphrased words, values, etc.) must come from sources such as,scholarly journals found in EBSCOhost, online newspapers such asThe Wall Street Journal, government websites, etc. Sources such asWikis, Yahoo Answers, eHow, etc. are not acceptable.
Contract can you please go into detail with for 400 words ormore thank you
Johnny, a neighbor who is not a merchant under the UniformCommercial Code, offers to buy a car from Mark for $30,000. Markasks Johnny for some time to think about it. Johnny says sure. Hewrites on a piece of paper that he will keep the offer open for twoweeks.
A week later Johnny sees another car he would rather buy. Hepurchases that, and then he tells Mark that he is revoking hisoffer.
Two days after that Mark said: âIâm sorry Johnny you made an offerin writing to buy my car. Iâm going to hold you to that.â
Johnny replied: âSorry I cannot do that. But I will promise to payyou $10,000 for the help you gave me last year around the house.âSomewhat mollified Mark accepts.
A week later and Johnny decided to renege on that promise aswell.
Fed up, Mark sued Johnny for breach of contract on both the promiseto buy the car and the promise for the $10,000.
Discuss whether the elements of a contract are satisfied in thiscase.
The requirements below must be met for your paper to beaccepted and graded:
Write between 500 â 750 words (approximately 2 â 3 pages) usingMicrosoft Word.
Attempt APA style, see example below.
Use font size 12 and 1â margins.
Include cover page and reference page.
At least 60% of your paper must be original content/writing.
No more than 40% of your content/information may come fromreferences.
Use at least two references from outside the course material,preferably from EBSCOhost. Text book, lectures, and other materialsin the course may be used, but are not counted toward the tworeference requirement.
Reference material (data, dates, graphs, quotes, paraphrasedwords, values, etc.) must be identified in the paper and listed ona reference page.Reference material (data, dates, graphs, quotes,paraphrased words, values, etc.) must come from sources such as,scholarly journals found in EBSCOhost, online newspapers such asThe Wall Street Journal, government websites, etc. Sources such asWikis, Yahoo Answers, eHow, etc. are not acceptable.
