Business Law Discussion

Under the law of consideration , in that respect are elements of a exact that has to be taken into account such(prenominal) as : Legal Value - something of legally sufficient determine mustiness be given in exchange of the assure , and Bargained-for transfer - the bargain belt between the involved partiesIt is discernible that there is a lack of consideration knowing that Daniel didn t pick up for the join s assistance and care . This is a good good example of a Past Consideration , whereas the court treats it as unenforceable . This is of no consideration because the act occurred br before the contract has been make . It was Fred who wants to return the favour to the cope with as a minimal of appreciation for their act towards Daniel . The court determines this contract as endow In addition , the sum stated in the g arner can be referred to as unliquidated debt - a debt for which the amount is undetermined and unfixed .

But the fact that the couple had a challenge for the amount to be received after judge the strait , Accord and Satisfaction comes into play - both debitor and creditor stop on a lesser amount than what is primitively owed . Since Fred displace a letter promising to pay the couple cholecalciferol for the services rendered to Daniel , this settlement option is more likely to be applied .On the other hand , an agreement should occur in to validate the dispute , and for satisfaction to be achieved . This sce nario requires deep take up examination in! to determine if the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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