MGMT 211 Midterm: Chapter 4 Court Cases
6 Dec 2017
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Baroid equipment inc. v. odeco drilling inc. (2005) If contract is written, it must be executed and delivered with the intent that it be mutually binding . Elements of a contract texas elements. Nelson & associates inc. v. city of argyle (1976) Buddy l inc. v. general trailer co. inc. (1984) Presumption exist in law that one possesses sufficient mental capacity to enter into contracts . Ferrous products co. v. gulf state trading co. (1959) A quasi-contractual obligation is one made/created by law for reasons of justice without any expression of assent and sometimes even against a clear expression of dissent . Acceptance must e identical with the offer in order to make a binding contract . Once the offer is rejected, it is thereby terminated and consequently it cannot be accepted . Ways to terminate an offer rejection. Harrison v. williams dental group p. c. (2004) An express contract arises when its terms are stated by the parties .
