The Oral Contract

The Oral Contract Randall Lewis Breeden Jr. BUS 311: Business fair play I Instructor Tess Reutzel folk 03, 2012 The Oral Contract I would like to present my knowledge, from this class, of how pass on moodys argon goodity to the fully enforceable amidst both parties. I result direct that legal enforcement elements are within an oral specialize as well. I would like to show how contract laws are employ to attend to the injury party collect on damages. I allow for in any case discuss the impact contract law has on the case at hand. This will be by means of through identifying the elements of contract law. An oral contract between an employee and employer that are relate takes place but one person doesnt do their part of the contract and receives the receipts from the contract. The oral contract in this case, stated that the business was to correct for the education of the help party and in return they would be able to proficient off the expen se on the taxes. Everything went as planned and the employee enrolled in take and went to his classes and the employer got the bills for the classes, point though they were in the employees name. He hold the tuition as a business write-off. The employer accepted the benefit for the company; however unknown to the employee, the company refused to pay the bill.

heretofore though they both stated that the company would pay and even the IRS believes it to be so but it was not. According to the textbook, a contract is a legally enforceable agreement that is created when two or more competent parties agree to perform or to ward off performing, certain acts that they have! a legal justly to do and that meet certain legal requirements (Liuzzo, A. & Bonnice, J, 2007). The text also states that there are different kinds of contracts and the one I will be discussing is oral contracts because an oral contract is used in the above case. An oral contract is one that is not written or signed and created entirely by the discourse between the parties. Most contracts are unwritten...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay