The Contract Should Be A Legally Binding Covenant Involving More Than One Person As A Witness During The Agreement. There Is A Need To Consider Some Necessary Factors Towards Both Sides Before Signing A Contract. Generally, The Fist Factor To Be Provided Towards The Deal Is Certainly The Readiness. The Readiness Is Basically, An Important Factor For Both Sides Involved In The Deal. These Factors Must Assure The Legal Binding Of The Covenant On Both Sides. Additionally, The Second Factor To Be Considered Is Called The Agreement Of An Offer. The Basic Role Of This Factor Is To Depict The Apparent Legal Binding Agreement On Both Sides In Line With The Various Terms In The Offer. Here Is An Example Of The Case Which Involves The Signing Of The Contract. The Contract Is Regarded To Have Been Signed In Bad Faith.
My Christian Religion Does Not Allow Me To Enter In The Business Contract With A Corn Man Since That Would Make Me Corn Man Too. Mr. Don As He Gives Too Much Attention To His Business, However, At My Expense. This Was Not A Spart Of The Agreement In The Contract. Mr. Don Has Eventually, Failed To Pay My Company In Time And Even Provide The Affordable Prices For My Company As Well. Mr. Don Went Beyond To Sign A Secret Contract. The Board Of Members In The Company Has Decided To End The Contract With Mr. Don.
These Accusations, Whatsoever, Could Not Change The Mind Of Mr. Don. He Refused To End His Contract With A Company Regarded That, The Contract Agreement Must Be Legally Bound By The Covenant. It Is Clear That, The Contract Did Not Follow The Right Path And Therefore This Offers The Company A Right To Terminate The Contract.
The Covenant Of Good Faith And Even Fair Clearly States That, Any Agreement Between The Two Parties Should Consider Two Factors Which Are Essential To The Contact. Mr.don willets did a very big mistake when he signed a contract with a person who was under the age of 18.this is illegal in the field of contracts; this person is identified as a minor. Although Mr. Don Willets is an employee in the company, after what he just did, no longer has any right to involve himself in any contract of the company. Since he signed with a minor who has no right to involve himself in any contract the company is not judged because it cannot consider such a contract. This act, as expressed in the case, is against the law therefore extremely punishable.
The uniform commercial code section 2-306 states that, when two parties make a legal business deal for instance delivering products, one party has to be responsible for delivering the products to the other party and the other one is obliged to foot the bill. This relates to what Mr. Don did when he failed to fulfill his promise to pay whenever scuppemong grapes are being delivered to his company. This contract was based on a promissory escape, so if justice is to be taken, this whole issue is best settled in court.
In conclusion, a fair judgment has to be made in the court of law, between my company and Mr. Don Willet. This seems the most appropriate way to deal with such a given technical matter.
Jenkins, Sarah Howard (fall, 2006). Symposium: contracting out of the Uniform Commercial Code: Contracting out of Article 2: Minimizing the obligation of performance& liability for breach, 40 Loy. L.A. Rev. 401.
Cornell University Law School. Legal Information Institute. Article 2-Sales(2003) Revision-Withdrawn. Retrieved from www,law.cornell.edu/ucc/article./html
Business Dictionary (2013). Retrieved from www.businessdictionary.com/contract.html
The Free Dictionary (2013). Retrieved from www.legal-dictionary.thefreedictionary.com/law-of-contracts.html