Elements of a Contract in Business Law

Elements of a Contract in Business Law Submit response in essay format for the following scenario.
1. One night, Bob was leaving his health club, but his car wouldn’t start.

Elements of a Contract in Business Law
Elements of a Contract in Business Law

Bob asked Ted, an acquaintance at the health club for a ride home. Even though it
was 50 miles out of his way, Ted agreed and was glad to do give Bob a ride. When they arrived at Bob’s house, Bob expressed his gratitude to Ted, saying
“Thanks for the ride. Next time I see you at the club, I’ll give you $100.” The following week, Ted saw Bob at the Club and asked for his $100. Bob told him
that he wouldn’t give Ted $100. Using the elements of a contract
a) Discuss and analyze whether Bob is legally bound to pay Ted $100. You must identify and discuss each element of a valid contract separately.

Elements of a Contract in Business Law Scenario 2

2. Betty is a 12-year-old girl. Betty has a doll collection worth about $100. One problem: Betty hates dolls, but she loves baseball. Betty visited the local sporting goods store nearly every week. She had been eying this new bat, and glove. But she didn’t have any money. Betty offered the owner her doll
collection. The deal was struck: The next day Betty loaded up her wagon with the dolls, hitched it to the back of her bike and brought the dolls to the
sporting goods store. The owner gave her the bat, ball and glove, which, in all, were worth about $100. When Betty’ father found out about the transaction,
he was furious.
a. Discuss and explain whether Betty gets out of this contract? You must analyze each element of a valid contract in your discussion along with any
exceptions.
b. Assume that Betty traded the dolls for shoes and clothes because hers were worn out and her father lost her job and couldn’t afford to buy them for her.
Discuss and explain whether Betty can get out of the contract in these circumstances. You must analyze each element of a valid contract in your discussion
along with any exceptions.

Elements of a Contract in Business Law Scenario 3

3. Dan hired Jen to mow his lawn every week for the next 2 years at $30 per cut. Jen agreed but asked Dan to pay her friend, Ethel, instead, because she owed
Ethel money.
a. Analyze whether Ethel an intended beneficiary of the contract? You must explain who or what is an intended beneficiary in your analysis.
b. Discuss whether the contract between Dan and Jen must be in writing? Your analysis must provide the basis for your conclusion based on the law.

Elements of a Contract in Business Law Scenario 4

4. Bill contracted with Jill to purchase the property from Jill for $150,000. Bill gave Jill a $30,000 deposit. Two weeks later, Bill informed Jill that he would
not purchase the property and asked for the $30,000 back. Jill refused to return the money.
a) Discuss and explain whether Bill is entitled to the $30,000 or can Jill keep it. Provide the basis for your response based on the rule of law.

Elements of a Contract in Business Law Assignment Parameters

1. Must be submitted in APA form (title page, the body of the paper, reference page).
2. Must be typewritten in Times New Roman or Arial 12-point font, double-spaced, and with 1-inch margins;
3. The assignment should be 3-4 pages (not including the title page and reference list);
4. Each question must include at least three scholarly sources (not including the textbook);
5. Must cite sources according to proper APA formatting guidelines;
6. Must have headings for each question, e.g., Question 1, Question 2, etc.; and
7. The assignment should be submitted as a single attachment (do not submit four separate attachments).

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