BUS 206 Module Five Assignment.docx BUS 206 Business Law I Southern New Hampshire Uni

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BUS 206 Module Five Assignment.docx BUS 206 Business Law I Southern New Hampshire University Module Five Assignment “ Milestone Two: Case Study Two In this second case study, we analyze dif... ferent critical elements in relation to Sam Stevens and the chain store as well as Quinn wanting to evict Sam from his apartment for running a business even though Quinn was told in advance about it and wished him luck. Contracts are always warranted when it comes to owing somebody something or when there is an agreement on whether not something can be done. Valid Contract? Sam Stevens verbally told a chain store manager that he would ship 1,000 units of his new invention, a machine that plays the sound of a barking dog to scare off any potential intruders, and one day came back home from work to a letter of eviction from Quinn, his landlord. This type of contract is a verbal contract and it is not set in stone by either of the parties, as it was by mouth and not via a written contract. There are six elements to have a legal and binding contract, and they consist of: 1.) An offer that specifically details exactly what will be provided, 2.) Acceptance, or the agreement by the other party to the offer presented, 3.) Consideration, or the money or something of interest being exchanged between the parties, 4.) Capacity of the parties in terms of age and mental ability, 5.) Intent of both parties to carry out their promise, 6.) Object of a contract is legal and not against public policy or in violation of law (Camarneiro. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]

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