Business Law Assignment

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Running Head: BUSINESS LAW ASSIGNMENT
BUSINESS LAW ASSIGNMENT
Course Number
Section Number
Name of Student
Date
Names of members in this group

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BUSINESS LAW ASSIGNMENT
Table of Contents
Part 1................................................................................................................................................3
Part two............................................................................................................................................5
Reference List..................................................................................................................................8

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BUSINESS LAW ASSIGNMENT
Part 1
1. From the above case study, a valid contract between Compact and International Tire Inc. has
been found by focusing on the following key elements:
Legality: The contract is legal as the president of the International Tire Inc. has signed the
contract by addressing that Compact would repair the computers of this organization.
Agreement: While making this contract, a valid agreement between Compact and International
Tire Inc. has been addressed, which illustrated a three year deal with Compact.
Capacity: Both parties were fully aware of the importance of such contract as Sydney and
Nancy were capable of understanding the business process.
Although, another critical element is found missing from this contract is a consideration as the
president of International Tire Inc. has not sanctioned any amount of money to initiate this
contract legally.
2. It is found that violation or breach of any contract can be evidenced, if:
 One of the parties does something irrelevant to the agreement, which impaired the entire
workflow
 One of the parties fails to achieve something necessary written in the contract
Interpreting the case study, it can be said that Compact has been unable to repair and deliver
computers within four business days. Due to some issues with payment the stated company has
failed to fulfill the liabilities mentioned in this contract. As a result, the deal is explicitly
breached. Hence, International Tire Inc. might take legal action after identifying that Compact is