Essays on Statute Of Frauds

Activity 1

In determining whether or not Don can set aside the contract with Evan, it is important first to determine whether a valid, enforceable contract ever came into existence or was formed between the parties. According to MacMillan and Stone (2012), the essential elements of a valid contract include offer and acceptance, consideration, capacity, intention to create legal relations, and legality. In the present case of Done and Evan, a contract came into being when Don unilaterally accepted Evan’s offer in the form of advice to invest in his (Evan’s) new consulting business and went on to sign ...

Issue

The legal issue in this case is whether the proposed tenant (Newark & Co Real Estate Inc.) and the landlord of 2615 east 17 Street Realty LLC has violated the provisions under the Statute of Frauds by submitting counterproposals to the offers that they received from each other. For the record, both of the two parties submitted their respective counteroffers to the opposing party and it is presumed that no agreement has been made following the submission of each counterproposals.

Rule

A good example of a case wherein one party has been sentenced as a result of violating the Statute of ...

Define “contract” and briefly describe the four essential elements necessary for a valid contract to be executed.

A contract is an agreement between two or more parties that is enforceable in court. The four essential elements of a valid contract are capacities of the party involved, mutual agreement or assent, consideration and legality of subject matter.

Identify and describe the various ways that a contract can be classified.

Contracts can be classified broadly into three categories- 1) By type of formation, 2) By type of performance and 3) By enforceability. What is meant by a “mistake” within the context of a legal contract? Describe the different types of mistakes that exist. How do each of these types of “mistakes” impact the enforceability of the contract? In the process ...