Verbal conversation between the two parties

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Reference no: EM134039269

Question

Sunshine Yoga currently pays rent to landlord Lou, but this arrangement was the result of a verbal conversation between the two parties. As mentioned previously, a valid contract must contain the following elements: an agreement, consideration, contractual capacity, and legal object. While the mentioned elements exist between Jasmine and Lou, it can be argued that contractual capacity does not exist because they made the agreement in a bar where they had met. A written agreement is also not in place which means that Jasmine may make complaints to Lou regarding the disturbances to her business because she pays rent but bringing these complaints to the courts may not be considered because there is not a written agreement that details the obligations of both parties. Jasmine does.

Reference no: EM134039269

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