Are the terms consistent throughout the contract

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Reference no: EM133889462

Question 1. According to the terms of this agreement, initially your business would have to pay $ (number)? Your business would need to pay $ (number) for (number) months to fulfill the terms of this contract? Overall our business would pay $ (number) for the equipment.

Question 2. Does this consideration match the terms in the assignment? (Hint: your business wanted to purchase an upholstery machine and an industrial overlock machine for $10,000.00) • No • Yes An inconsistent term is where an agreement or contract may say one thing in one part and a different thing in a different part of the same contract. An example may be a stated price in one part and a different price in a different part. If a contract has inconsistent terms, a court may try to reform the contract to match the parties' intention. Remember: it is irrelevant in this assignment that the stated price of an item in the agreement may be different or higher than what you may find on the web. This would not be an inconsistent term.

Question 3. Are the terms consistent throughout the contract? What terms are inconsistent? The concept of parol evidence in contract law is generally, if you sign a contract, you are usually bound to the terms of the contract, even if it didn't match what you and the other contracting party had agreed to ahead of time. Once you sign something and intend what you signed to be your final agreement, you're bound by those terms; no evidence that would vary, contradict or modify the final, written agreement is permitted. In Washington, the law says that if all of the provisions of an agreement between the parties are contained in a written document or a writing, and that the document was intended by the parties as their final agreement, then no other evidence or information that would add to, subtract from, vary, or contradict that written document is permitted, unless terms were included in the document as the result of fraud or mutual mistake.

Question 4. Should this contract be signed ? Why or why not?

Reference no: EM133889462

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