Promise became legally binding

Assignment Help Business Management

Reference no: EM133937186

Question

CONTRACTS Joe and Dave are cousins. Dave has just been accepted into medical school but is worried about how he will pay for his tuition, books and rent. After going out for a cup of coffee and hearing Dave's concerns, Joe says that he will give Dave $500 per month in order to help with his expenses. Halfway through the school year, Joe decides that he would like to start saving for a new car and he tells Dave that he will no longer provide him with $500 per month. Dave feels like Joe has breached a contract as is considering suing for breach.

1. Specifically referencing the required elements for a valid contract to exist, please explain whether a valid contract exists here?

2. If you conclude that a valid contract does not exist, what could Dave have done to ensure that the promise became legally binding?

Reference no: EM133937186

Questions Cloud

How does food become contaminated by pathogens : How does food become contaminated by pathogens? What are some of the measures in place to prevent contamination?

Define the ethical principle of justice : Define the ethical principle of justice and discuss its role in the U.S. health care system.

What is the main purpose of the competencies set forth : What is the main purpose of the competencies set forth by the Association for Lesbian, Gay, Bisexual and Transgender Issues in Counseling (ALGBTIC)?

Read the eld standards and the eld framework : Think about the language demands that are unique to your content area of Physical Education. Obtain from Google the ELD Standards and ELD Framework.

Promise became legally binding : If you conclude that a valid contract does not exist, what could Dave have done to ensure that the promise became legally binding?

Tests must Sally establish to establish negligence claim : What elements/tests must Sally establish to establish a negligence claim? What categories of damages should Sally seek and on what basis?

Which are appropriate for the occasion : Damage to the hippocampus will cause the patient to have difficulty with retaining new information rememebering events. Which are appropriate for the occasion.

How do vaccines activate the immune system : Who oversees the manufacture and distribution of vaccines in various parts of the world, and how do vaccines activate the immune system?

How to identify colors to indicate their level of agitation : The behavior analyst working with the family wants to teach the client how to identify colors to indicate their level of agitation.

User Account

All Pages