Features of Sales Contracts Commercial enterprises that engage in buying and selling practices need to be aware of the features and nature of sales contracts. A contract of sale is a specific type of contract in which one party is obligated…
Figure 8.1 Introduction (Credit: JESHOOTS-com/ pixabay/ Attribution 2.0 Generic (CC BY 2.0)) Chapter Outline 8.1 The Nature and Origins of Sales Contracts 8.2 Warranties and Sales Contracts
Once a contract is legally formed, both parties are generally expected to perform according to the terms of the contract. A breach of contract claim arises when either (or both) parties claim that there was a failure, without legal excuse,…
For a contract to be legally binding, the parties entering into the contract must have the capacity to do so. As a legal matter, there are certain classes of people who are presumed to have no capacity to contract. These include legal…
A contract is defined as an agreement between two or more parties that is enforceable by law. To be considered enforceable by law, a contract must contain several elements, including offer and acceptance, genuine agreement, consideration, capacity, and legality. Figure 7.2 Before…
Figure 7.1 Introduction (Credit: edar/ pixabay/ Attribution 2.0 Generic (CC BY 2.0)) Chapter Outline 7.1 Agreement, Consideration, and Promissory Estoppel 7.2 Capacity and Legality 7.3 Breach of Contract and Remedies
Determination of fault and damages for intentional torts and negligence are based on the reasonable standard of care. Another form of torts looks at liability without fault, or strict liability. Strict liability determines liability, or harm, based on reasons other than…
Civil suits arise from damages suffered by one or more persons or entities at the hands of another person or entity. The damage can happen in a variety of circumstances, and may be intentional or unintentional. Unlike criminal cases, civil…
Figure 6.1 Introduction (Credit: Free-Photos/ pixabay/ Attribution 2.0 Generic (CC BY 2.0)) Chapter Outline 6.1 Intentional Torts and Negligence 6.2 Product and Strict Liability
A legal case can be civil or criminal. Each case has different components and requirements. Before one can understand the civil and criminal systems, it is important to understand the aspects of both civil and criminal laws. The scope, consequences,…