Assignment on Case Study: Questions & Answers

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Assignment

Total Words: 1124

Document Outline

Is there a contract between any of the parties? If there is a contract(s), describe and detail how you arrived at that conclusion, and identify the parties to that contract and the contract’s terms

 

  1. There were several purportedly contractual negotiations or transitions in the case description. If you decided that some of those transactions do not qualify as a contract, detail and describe why.

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In this case study, there is an agreement between two parties. However, there is no contact between these two parties. There are the two parties in this agreement.

  1. Jon and Marsha (Buyers)
  2. Hot-Shot Realtor (Seller’s Agent)

There are some terms and conditions that are necessary to be fulfilled to enter into the contract. These are as follows:

  • Offer
  • Acceptance
  • Consideration
  • Enforceable by law

In this scenario all the elements of the valid contract are present. However, the agreement or contract cannot be made with a minor. Joni is only 17 years of age therefore; this is not a valid agreement. This becomes the void agreement. On the other hand, the guardian on the behalf of the minor can enter into the contract. Therefore, consider Marsha also because she is not minor. According to the terms of the contracts, all the things were happened according to law.

This can be said that this is the valid agreement because yet not registered. The reason to reach this conclusion is that the offer was made by the seller and accepted by the buyers with said amount that is the consideration of the sale of the property. On the other hand, this is the legal agreement and includes nothing that violates the rules and regulations of the REPC.

  1. There were several purportedly contractual negotiations or transitions in the case description. If you decided that some of those transactions do not qualify as a contract, detail and describe why.

There are number of the transactions made in the sale of the house. However, all these are made offer and accepted by both parties. On the other hand, few of them are not legal or cannot be entered into a valid contract.

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