Contract Law

Contract Law

Introduction

A contract is a set of promises or promise done by two parties which is aimed to be enforceable. The contracts are in writing or in verbal form. It is significant that the contracts for insurance and sales should be in form of writing (http://www.australiancontractlaw.com). In this paper we will discuss the steps of contract with respect to the case scenario. Moreover, we will provide legal advice to the parties of contract.

Discussion

Boy offered Doug to buy Gumleaves.

Doug replied with positive response to sell the House for $1,000,000.

Bob responded that he could only pay $950,000, payable in four equal installments ...