Business Law

Running Head : Business LawBusiness Contracts (Name (Course (Lecturer (DateQuestion AThe case of the CEO and Ronnie constitutes a valid aver and harmonizeance and can be considered a valid and enforceable contract . Though the CEO s liberty chit was motivated by Ronnie s disparaging remarks about his business the two finally met and discussed the mickle . The CEO makes an offer of 50 ,000 which is accept by Ronnie without dispute . The offer is communicated to Ronnie verbally , which is an accepted fraud of communication . Indeed , a contract can be made either verbally or in typography . There are other actions which communicate the sealing of the get over . The CEO s winking and smiling is a sign of diversion that the deal has been struck . Upon accepting the CEO s offer , the nonplus again shake hands , which is a n onverbal demarcation of communicating agreement .

Though the CEO does non rightfully intend to sell the house , he communicates this to Vinnie , and not Ronnie himself . If this is meant to instigate the offer the deletelation is not effective because it is not communicated to Ronnie . Similarly , Vinnie is not Ronnie s agent and he cannot therefore be said to brook received communication of his behalf . The fact that Ronnie started moving into the house shows that he was satisfied that the contract had been sealed . All other factors be constant , an offer can only be draw before a contact is entered (Barnett , 2003 The CEO cannot therefore blot out the contact at...If you wa nt to get a full essay, pasture it on our ! website: OrderEssay.net

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