Contracts – “Short Essay” Question and Answer “Rights of John & Pete”
1. John decides to sell his truck to Pete for $1,000. Pete agrees to buy it at that price and to pay John the money “when he is able.” Discuss. (SEE SAMPLE ANSWER, infra.) WRITING STYLE EXAMPLE RIGHTS OF JOHN & PETE FORMATION OF CONTRACT In order to prove a valid contract, John and Pete must establish the following elements: First, to determine the applicable law and then whether there is an (1) offer, (2) acceptance, (3) consideration, and… Read More »Contracts – “Short Essay” Question and Answer “Rights of John & Pete”