buisiness law

valid: Satisfies the law's requirements unenforceable - some rule of law prevevoidnts enforcement voidable - one party can terminate agreement  void - neither party can enforce agreement Agreement - the party can form a contract only if they had a meeting of the minds An offer is an act or statement that proposes definite terms and permits the other party to create a contract by accepting those terms Termination by revocation effective when the offers receives it firm offers and revocability common law rule revocation of a firm offer is effective if the oferee receives it before he accepts option contract the offeror may not revoke an offer during the option period Termination by rejection If an oferee rejects an offer, the rejection immediately terminates the offer termination by expiration when an offer specifies a time limit for accepting the period is binding Acceptance  the oferee must say or do something to accept In a bilateral contract,...

Aaron Rodriguez Finance 2050 Professor Khan December 7th, 2017 Case Briefings Name of the Case : The Oculist’s Case (1329) Statement of the Facts : The defendant, attempting to heal the plaintiff, left him blind in one eye. The plaintiff has sued in trespass Issue ( Question); Can he assign no trespass in his person, inasmuch as he submitted himself to care    Rule ( Statement of the law): The person who kills another person has committed murder Application: If they are a professional and cause harm to another person and there is no intent then they cannot be held liable. Conclusion : Since the person is a doctor and did not do it intentionally but on accident he is not liable for the death Name of the Case : Kuehn v Pub Zone ( 2003)   Statement of the Facts : Maria Kerkoulas owned the pub zone bar. She knew that several motorcycle gangs frequented the tavern. From her past conversations with the police she knew that gangs, including Pagan...

 executory executed bilateral unilateral valid : satisfies the laws requirments unenforceable: some rule of law prevents enforcement party voidable : one party can  terminate agreement void : neither party can enforce Agreement the party can form a contract only if they had a meeting of the minds an offer is an act or statement that  proposes definite terms and permits the other party to create a contract by accepting these terms termination by revocation effective when the oferee receives it form offers and revocability common law rule revocation of a firm offer is effective if the oferee receives it before he accepts option contract the offeror may not revoke an offer during the option period termination by rejection if an oferee rejects an offer, the rejection immediately terminates the offer Termination by expiration when an offer specifies a time limit for accepting the period is binding acceptance  the oferee must say or do ...

proximate cause - to be liable, this type of harm must have been forseeable injury - no injury no case for compensation assumption of the risk a person who voluntarily enters a situation that has an obvious danger cannot complain if she is injured this rule applies to a situation where the danger is well-known and the participant chooses to be present strict liability some activities are so dangerous that the law imposes a high burden on them. This is called strict liability defective products - may incur strict liability ultra hazardous activities - defendants are virtually always liable to harm what is ultrahazardous? - includes using harmful chemicals, explosives and keeping wild animals plantiff does not have to prove a breach of duty or foreseeable harm introduction to contracts contracts exist to make business matter more predictable agreement - make a valid offer consideration - bargaining that leads to an exchange between parties legality - the contract must b...