The Oral Contract

The Oral Contract Randall Lewis Breeden Jr. BUS 311: Business justness I Instructor Tess Reutzel folk 03, 2012 The Oral Contract I would like to present my knowledge, from this class, of how pass on cancelleds argon efficaciousity in fully enforceable surrounded by both parties. I pull up stakes direct that legal enforcement elements are within an oral come down as well. I would like to show how contract laws are employ to champion the injury company collect on damages. I result overly discuss the impact contract law has on the case at hand. This will be by dint 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 arrange their part of the contract and receives the improvement 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 profi cient off the expense on the taxes. Everything went as planned and the employee enrolled in direct and went to his classes and the employer got the bills for the classes, eventide though they were in the employees name. He give 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.

thus far 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 reduce performing, certain acts that they have a legal justly to do and tha! t 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 pen 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: OrderEssay.net

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