U.R.E INVESTMENT FIRM

U.R.E Investment Firm

U.R.E Investment Firm - Legal Issues

Question 4

Contract Law

Major issues faced by the U.R.E Investment Firm LLC in relation with contract law are lack of proper terms and conditions, lack of importance of health and security of the employees, and one of the most important issue is companies sometime when entering into any contract do not make anything in writing these are some major issues faced by the country in relation with the contract act. A contract is an agreement enforceable by law. Every time an agreement is considered binding and enforceable by the court in the sense that no one can be prosecuted, the agreement is a contract. Williams, Jazz arson, the definition of her book the principles of contract law, by two or one or more access to other people's behavior or a legally binding contract rights of other parts of the more indulgent (Burnham 1995, 67). So while making any contracts these rules should be properly followed, they are informal, oral or written or implied behavior. It must meet the following conditions:

Offer and accept unconditionally.

Valuable consideration.

Authentic consent. The parties must have the capacity to enter into contracts.

In the Household Registration Law (a person's residence is the country in which he lived with the intention of permanently stay there) this universal jurisdiction (Glick 2003, 85). Types of contract which should be performed with suppliers, customers and employees are

Contract by record

These obligations are based on court records, the records of the condition. They are not the real contract, the obligations of the parties arising from the court records of any agreement into a separate reason and only. They can through the courts, legal obligation or guarantee s, that this may be a confirmation of the debt; and other (Halbert 2005, 56).

Contract by deed

Contract in the paper or parchment, signed, sealed and delivered by an agent of the commitment or undertaking (whether actual or constructive) a written commitment to contract. This is a special case, from the law, it requires a specific form will be accepted, usually in order to provide better evidence to prevent disputes. Some contracts must be made by a contract commitment, is a gift, sale or transfer of the files created or interest in land in the village, conditional bill has the following characteristics: Consideration: A deed that does not require payment (Clarkson 2009, 134).

Elements of a contract

In addition there is consensus ad loc and the court may decide in a binding and enforceable contract exists, there must be three basic elements. They proposed, received and considered. In other part of the contract must have an offer, express or implied, one person (the purchaser), and the acceptance of unsatisfactory express or implied, by the to whom the offer (the offeror) people.

Offer

In Black's Law Dictionary defines a proposal to do a thing to accept, or paid will usually expected performance into the bargain along with the amount of one ...