Business law and taxation - binding contract

Assignment Help Taxation
Reference no: EM13532563

Ahmed  Mansoor and his family owned an old home in Nizwa  that was in need of painting and some other repairs. Ahmed Mansoor was a junior partner with a law firm and his wife, Sumaiya, worked part-time at the elementary school where their two younger children were also studying. One morning after dropping off the kids at school, Sumaiya noticed painters at their house. She sent her husband a text asking if he had hired painters. When she learned that her husband had not hired the painters, she decided to turn around and go shopping before going back to the school.

Khalifa Ahmed, a sixteen-year-old son, stayed home from school because he didn't feel well. At 6-feet-tall and 220 pounds, Khalifa looked he was in his early twenties. When the foreman rang the doorbell, he answered. The foreman said "We are here to paint your house today, is that ok?" Khalifa replied, "Sure, as long as I don't have to help you." The foreman asked him to sign some paperwork and he complied.

After the younger kids finished school for the day, the mother took them to the park after which met Ahmed Mansoor for an early dinner. When the family arrived home, the painters were just finishing and the foreman asked, "So Mr. and Mrs. Mohammed, how does it look?" Ahmed and his wife were surprised and asked them "Who is Mohammed?" The painters told them that Mohammed lived next door and wanted his house painted. The foreman demanded payment from Ahmed Mansoor reminding him that the gentleman inside the house gave them both verbal and written approval for the painters.

Based on the scenario, write a detailed report by incorporating the following tasks:

A critical discussion on:

  • Was Khalifa Ahmed's signature on the paperwork considered a binding contract? Why or why not?
  • Should Ahmed Mansoor be responsible for the bill? Why or why not?

Ensure that you analyze the case by applying the following elements of a contract.

  • Possible types of contract applicable
  • Essentials of an Offer
  • Acceptance
  • Consideration
  • Capacity of parties
  • Genuineness of Assent
  • Breach of contract

Verified Expert

Reference no: EM13532563

Questions Cloud

Explain 3-methylcyclohexene to a drop of product : Identities of the components in a mixture may be determined by a technique called spiking. Suppose you had run a gas chromatogram on your product and had then deliberately added a drop of a known sample of 3-methylcyclohexene to a drop of your pro..
Detail the mechanics of how a bird breathes : Describe in detail the mechanics of how a bird breathes. In yourdescription, be sure to indicate the differences between avianrespiration and human respiration. To aid you in this process youmust draw and label a diagram of the bird's respiration org..
Overall operation and functioning of our lymphatic system : Describe the overall operation and functioning of our lymphatic system. Be sure to highlight the function of the nodes within this system.
Define how many grams of na 2 s0 4 be added to sulfuric acid : How many grams of Na 2 S0 4 (FM 142.04) should be added to how many grams of sulfuric acid (FM 98.08) to give 1.00 L of buffer with pH 2.80 and a total sulfur (= SO- + HS0 4 + H 2 S0 4 ) con- centration of 0.200 M
Business law and taxation - binding contract : Was Khalifa Ahmeds signature on the paperwork considered a binding contract and should Ahmed Mansoor be responsible for the bill? Why or why not?
Do chytridiomycota-zygomycota and ascomycota : Do Chytridiomycota, Zygomycota, Ascomycota, and Basidiomycota have Instant or delayedkaryogamy?
The closing entries for net income and dividends : Journalize the transactions and the closing entries for net income and dividends.
Define the peregrine falcon has been measured : The peregrine falcon has been measured as traveling up to 350 km/hr in a dive. If this falcon could fly to the Moon at this speed, how many seconds would it take
What is the average force on the shoulder : An automatic weapon can fire 68 bullets per minute at V = 290 m/s. If each bullet has a mass M = 40 g, what is the average force in N on the shoulder

Reviews

Write a Review

Taxation Questions & Answers

  Prepare the consolidated statement of cash flows

Prepare the consolidated statement of cash flows of the Huihui Ltd group for the year ended 30 June 2012 in accordance with AASB107, using the direct method. Include a note that reconciles profit with cash flows from operating activities. Show all..

  Explain pros and cons of different deferred compensation

Sam Tangy feels that the top management group should own a substantial amount of Tangy stock to ensure that the interest of management correspond with the shareholder interests (i.e., the maximization of shareholder wealth).

  Show the appropriate income tax allocation

Create a memo to Texaco Inc's chief accountant showing the appropriate income tax allocation required for the above items, adding the appropriate balance sheet presentation

  Question mary louise and nell each have their own computer

question mary louise and nell each have their own computer equipment and retail store. they purchase a plant together

  How do personal taxes affect an investors preference

What are the potential advantages and disadvantages to a company's shareholders if the company increases the proportion of debt in its capital structure?

  What will be the cash received from the sale

If Apex deposits the money in an interest-bearing account yielding 8 percent, what will be the cash received from the sale, assuming no tax effect? The spot rate at the beginning of the transaction is A$1.2907 per US dollar, and the rate 90 days l..

  Clarify role of the generations skipping transfer tax

Clarify the role of the generations skipping transfer tax and Gene purchases an insurance policy on Mary's life and designates Ashley as beneficiary. Ashley dies first one year later.

  Discuss the income tax implications

Discuss the income tax implications of the following, stating which sections of the ITAA 1997 or ITAA 1936, if any, are most relevant.

  Determining the fringe benefits tax liability

Tax Ties uses the actual method for determining its fringe benefits tax (FBT) liability in relation to meal entertainment benefits.

  Tax concepts involved in completing the schedules

What are the tax concepts involved in completing the Schedules C and SE? Explain in detail and what are the tax planning considerations you took into account while completing the Schedules?

  1 please recognize describe and justify effective funding

1. please recognize describe and justify effective funding strategies in the subsequent areasa. cash managementb.

  Determine their amount of federal tax

The genius financial advisor had taxes withheld on the transfer of annuity in the amount of $22,000.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd