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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 937 |
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If any part of it is unlawful, the contract is void and unenforceable. For instance, if one party offers another party a certain sum of money to buy alcohol for a minor, since it is unlawful to do so, the contract is void and unenforceable. Another thing is if the money offered has been secured by illegal means, this too voids the contract and deems it unenforceable (Cheeseman, 2006)...
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If a reasonable person in the same circumstances concludes that both parties intended to be legally bound by the contract, it is deemed a legal contract. However, a statement made in anger, undue excitement or jest does not qualify as intent. Additionally, an inquiry into the possibility of entering a contract such as, "Are you open to selling your business for $10,000?" is considered an invitation to make an offer...
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